PSC 2440 Lecture Notes - Lecture 7: 1997 Asian Financial Crisis, The Communist Manifesto, Radical Change
26 Mar 2020
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Early 1990"s fukuyama with collapse of ussr declared end of history and democratic capitalism is triumphant. Then the 1998 east asian economic crisis spread to ldc"s throughout world. 2008 economic crisis began with lehman brothers in us spread to world. Had seven children and three survived to adulthood. Trained as professor but his politics got in the way and he became a journalist and activist. Participated in 1848 european revolutions and 1871 paris commune. Worte 1848 communist manifesto with engels and das kapital in three volumes. Eastern orthodox marxists and some social democrats see themselves as heirs. At the core of marxism, workers are underpaid in light of the labor that they put into the production of goods and services. Workers think of themselves as private and isolated. Surplus value: product of labor above and beyond that required to sustain workers themselves. Freedom in a capitalist society is consumer choice, freedom in a marxist society is to be empowered collectively.
