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Geography > The power of the TNC > Flashcards

The power of the TNC Flashcards

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1
Q

what 2 forms do TNC’s come in?

A

State owned
Publicly traded

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2
Q

What are state owned TNC’s?

A

owned by the government (most common in emerging nations like china)

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3
Q

What are publicly shared TNC’s?

A

these are owned by shareholders

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4
Q

What does fortune 500 represent?

A

the largest 500 TNC’s

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5
Q

What were the profits and employment of fortune 500 in 2014?

A

$1.7 trillion profit
65 million people

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6
Q

Where do profits go from state owned TNC’s?

A

profits return to the state
(China 12 largest TNC’s are state owned)

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7
Q

What is global culture often exemplified by?

A

ubiquity (everywhereness) of consumer icons such as Coca-Cola and McDonalds

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8
Q

How many people buy McDonalds every second?

A

750

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9
Q

where are the top 6 global Media TNC’s from?

A

USA

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10
Q

What are the top 6 media TNC’s?

A

Comcast
Google
Disney
News corps/ 21st century fox
Time Warner
Viacom

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11
Q

Top 6 media TNC revenue?

A

Comcast- 68 million
Google- 66 million
Disney- 48 million
News corp- 41 million
Time Warner- 23 million
Viacom- 14 million

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12
Q

How do TNC’s hold influence? (intellectually)

A

as they own much of the worlds patents

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13
Q

What do patents do?

A

Protect others from using the work without paying loyalties

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14
Q

Where do 85% of all royalty payments go to?

A

USA
EU
Japan

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15
Q

What do patents do to emerging powers/ developing nations?

A

have to continually pay out benefitting USA and EU

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16
Q

How many patents did Chinese innovators pay for in 2013?

A

652,000

17
Q

What can patents act as?

A

a form of control

18
Q

What are some examples of patents controlling?

A

ownership of gene technology or crops (Monsanto)

19
Q

What is a patent?

A

intellectual property that prevents someone else from using, copying or selling an idea or product you have created without asking for permission or paying

20
Q

what sort of things can patents protect? (specific examples)

A

vacuum cleaner technology (Dyson)
a colour (Cadbury purple on chocolate)
Monsanto (GM seed ownership)

21
Q

Who is Monsanto?

A

an American multi-national who own the patents for seed genetics (GMO crops)

22
Q

What do Monsanto have?

A

patented soya beans ‘round up ready’ (sue people who want to try save/ replicate them)

23
Q

What have Monsanto done since they began selling their GM seeds?

A

sued hundreds of farmers for patent infringements

24
Q

What % of soy bean, corn and cotton in the USA are Monsanto’s?

A

90%

25
Q

How does Monsanto affect their customers?

A

Leave them afraid of being sued but also that they have to buy there seed to have good yield

26
Q

How has Monsanto fundamentally changed the way farmers farm?

A

by using heavy-handed investigations and ruthless prosecutions
Will use herbicides without thinking of damage to ecosystem

27
Q

What is the result of Monsanto’s investigations?

A

nothing less than an assault on the foundations of farming practices and traditions that have endured millennia causing many farmers to go out of business

28
Q

What is the main thing the Monsanto control?

A

the oldest right of farming to save and replant crop seeds

29
Q

How much can farmers save by not buying seeds every year?

A

$20,000

30
Q

What will Monsanto do if you try clean seeds?

A

They will send a private investigator to lie/ mislead to what seeds are kept/ grown and constantly monitor as an intimidation tactic

31
Q

What was Michael White sued for?

A

sued for patent infringement after unknowingly cleaning roundup ready soya seeds for a local farmer

32
Q

How was Mr white affected by private investigators?

A

destroyed his family, health and seed cleaning business

Geography (103 decks)

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