LABRST 1C03 Study Guide - Final Guide: Structural Adjustment, Social Democracy, Class Conflict

• School: McMaster University
• Department: Labour Studies
• Course: LABRST 1C03
• Professor: Katherine Nastovski

Document Summary

Set of ideas (ideology) way of making sense of the world and reflected in prac- tices (implemented) About remaking capitalist society in a way attacks the governments ability to reg- ulate the economy and to provide measures to reduce the gap between the rich and the poor. Believes in unfeathered capitalism capitalism free of interference from the gov- ernment. See the effects of this ideology today in the free movement of companies across borders without restrictions (in search of cheaper material, labour, etc. ) Inspired by the early economic writing of adam smith (father of capitalism) Multinational corporations arose in 1970s have enormous economic invisible power in the world today and greater wealth than government. Grew out of neoliberal policies made multinational corporations possible by im- plementing policies that were in their interest. Neoliberal policies common sense what drives our economic debate become hegemonic. Decline in access to basic social serves needed for survival.