Lecture 1 Dem Cap Intro 2013

C denifons democracy capitalism corporafon

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Unformatted text preview: Fon of poliFcal system (USA) Huge imbalances in global trade (especially US with China) Euro disintegraFng Demographic concerns (World populaFon increasing, OECD declining) See Pearlstein arFcle for guide to some books. C. DefiniFons •  Democracy •  Capitalism •  CorporaFon •  Corporate capitalism D. How to analyse what is going on in democraFc corporate capitalism; basic concepts. •  Players 1. QuinFles, deciles, 99% vs. 1%, top 0.1% •  Income for US individual to be in top 1% = $380,000 (2008) •  Income for US individual to be in top 0.1% = $1.2 million (2008) •  Income of top five US individuals = > $4 billion each (2010) •  Salary of US president = $400,000 •  Median household income: $50,221 (2009) declining 2 9/6/13 Share of US pre ­tax household income held by the top 1%, top 0.1% and top 0.01%: Players 2: By source of income •  Salary, wages, consulFng; i.e. people who have to earn a living...
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This note was uploaded on 01/13/2014 for the course ADMN 3400 taught by Professor Johnbishop during the Fall '13 term at Trent University.

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