1. Sociology 323 Economy & Society January 29 – Economics For Everyone Part 3

2. Cooperation Howard Rheingold: The new power of collaboration

3. Competition Competition is a crucial feature of capitalism Perfect competition does not exist – Economies of Scale Economies of Scale – Neoclassical vs Real Competition Neoclassical vs Real Competition – Consequences of Competition Consequences of Competition

4. Investments Investments contribute to: Economic growth Jobs Transformation and Innovation Productivity and competitiveness Environment

5. What Determines Investments? What determines investments? According to Jim Stanford, is Quebec a place to invest in?

6. Investments and Growth Under neoliberalism, profits are hoarded by the 'ultra rich'. Their investment capabilities are pulled out of the economy. Businesses then rely on external sources for funding (i.e. government subsidies and tax breaks) In capitalist economies, investments contribute to economic growth. Economic growth can have both positive and negative consequences. It is important to grow industries that are useful, that promote social and physical well being and that are not harmful to us and/or the biosphere. Concordia - Joint Responsible Investment Working Group