Corporations Lecture 10September 27 - Agenda o Evolving industrial capitalism(late Victorian period 1970s WWI Systemic trends productivity up faster

Corporations Lecture 10September 27 - Agenda o Evolving...

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September 27, 2012 Agenda o Evolving industrial capitalism (late Victorian period: 1970s WWI) Systemic trends: productivity up, faster flows, specialization/division of labor, depersonalization) Railroads and the rise of the giant corporation, modern finance Rise of industrial states and city-systems Industrial empires: scrambles for Asia, Africa Overaccumulation, the military-indsutrial Review: U.S. empire o National territorial consolidation Military conquest of huge continent, resources Speculative land grabs, homestead act Dispersing small amounts of lands to farmers Transportation, communication infrastructure Rise of the U.S. breadbasket o Rise of national system of cities Critical in coordinating capitalist production, distribution, elite and mass consumption Urban hierarchy: Chicago organize West Urban functions o Citires are centers of economic activity Industry, commerce, finance, management o Flows of savings, labor, resources into cities Sucking up the surplus from hinterlands o Productive or parasitic Cities are both Cities as economic clusters o Economies of agglomeration Proximity, labor pools, infrastructure o Dynamic districts Institutions, learning, innovation o Applies to all activities Production, commerce, retail, management and finance Specialist and generalist o Specialists One function, usually smaller, for example: akron, fresno o Generalists Big metro areas (L.A. New York) o Clusters of clusters Bay area (downtown SF, Silicon Valley) o
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