Exam 2: Corporate Power in 21st Century Canada

In 2009, the profits of 1.3 million companies in Canada were claimed by how many giant corporations?

Is the business community always a cohesive entity? Can you think of examples where they are at odds with each other?

Over the past six decades, a close, positive relationship is evident between what two phenomena?

The geographical concentration of corporate head offices in major urban centres such as Toronto and Montreal indicate centralization of strategic control over capital.

What power do corporations have in the current era of globalizing capitalism?

Corporate-governance reform initiatives (e.g., 1995) had nearly no effect on the structure of finance capital or the structure of the elite.

In the early 1970s, voluntary associations were still the key sites for building elite cohesion.

"Hot money" refers to mobile financial capital searching for short-term profit, and this is inherent throughout the neo-liberal era of globalization.

If we argue that corporate power is "Janus-faced," what are the faces?

What is the name of the pattern to which American hegemony partly yielded by the close of the twentieth century?

Corporate power is inseparable from accumulation of capital.

Between 1950 and 2007, the average profit of the top 60 corporations on the Toronto Stock Exchange shrunk from 14,278 times the average profit to 234 times the average profit, indicating a decrease in capital concentration through accumulation by giant firms.

Neo-conservatism refers to an economic approach in which national economies revert to old nineteenth-century ideas about the role of governments in the regulation of capitalism.

Allocative power accrues to agents and organizations that control the financial assets that fund new investment.

What does Marx give us as a starting point for the empirical analysis of corporate capitalism?

What term best describes the economic approach in which national economies revert to old nineteenth-century ideas?

Think of examples from your favourite TV show or movie about how the interests of the ruling class are represented as being universal. How do you feel about the ruling class reaching into civil society? Is resistance possible? Is it desirable?

The "confraternity of power" refers to how the elite found its collective identity in the 1970s.

In the chapter, it was discussed that Canadian TNCs have a national network of corporate power and are simultaneously interlocked with foreign-based TNCs inside and outside of Canada. What does this trend suggest?

Which of the following statements exemplifies Arthurs' interpretation of dependency?