Some people were able to take advantage of this but

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- Some people were able to take advantage of this, but when the high-tech bubble burst others lost money - Today, there are people who plan to work past age 65, and not just because the government is worried about replacement workers. Some people don’t have that big fat nest egg, and early retirement is just a dream for them The Corporations *read the slides at the beginning of this power point Corporations as Machines - Corporations exist in societies that are dependent on advanced technology - The corporation is not as subjective to human control as most people believe, but instead it is an autonomous technical structure that allows for profitability and the creation of new technologies - Corporations therefore have the power to affect technological change and to alter the forces of nature - We are surrounded by their activity, their advertising, and we use the technologies they create - We accept their existence, often without question, almost as though they were background noise, and we have little understanding of why they behave the way they do - Corporations influence our conceptions of how life should be lived more than any other kind of institution, including government - Corporate ideology, priorities, styles of behavior, and modes of organization are seen as a way of life to be defended at all costs Ex) When American politicians speak of ‘freedom’ and ‘democracy’ being spread around the world, they are really talking about the creation of a global political/economic structure that will allow for the greater profitability of American corporations 11 Rules 1. The Profit Imperative o Profit is the ultimate measure of all corporate decisions o Profit takes priority over community wellbeing, worker health, public health, environmental preservation, and even national security o In the latter case, corporations can find ways of trading with national ‘enemies’, such as Iraq and Iran 2. The Growth Imperative o Corporations will live or die on the basis of their ability to grow o The growth imperative also fuels the corporate desire to find and develop scarce resources in obscure parts of the world o When corporations establish a presence in less developed countries, they claim that they do because of altruistic reasons, such as ‘raising the standard of living’ 3. Dehumanization o Corporations make a conscious effort to depersonalize; managers are careful not to let feelings get in the way of business decisions, whether it be the effects on the env’t or firing an employee; as video and computers have become more pervasive
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in the workplace, management have an increasing ability to monitor the activities of workers with the goal of increasing productivity 4. Exploitation o Profit equals the difference between the amount paid to an employee and the economic value of the employer’s output o It can also mean the difference between the amount paid for raw materials used in production (including the cost of processing) and the ultimate sales price of the processed raw materials o
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