GEOG 130 Lecture 4: 1:28:16
Document Summary
Left: socialist, communist, liberal, or the state as an agent of transformation (faith in the government) Right: conservative, state as a tyrant and represses opportunity, and new economic. There are inherent inefficiencies in the market and we need the state (government policy) to fix some of these inefficiencies (state intervention is needed to correct inefficiencies in the market) Not trickle down rather it spirals up. This idea had devastating impact on poorer impacts. Not a question of the right or the left, but rather a question of the experiences of the people. What looks good on paper doesn"t always work. Allied powers were thinking about what the world would look like after the war (minus. Biggest concern was an international trade environment that was stable and lowered barriers (international cooperation) If a country has to pay off debt, they would stop importing which hurt other countries (protectionist policies) To prevent this, other countries would issue loans.
