POLS1701 Lecture Notes - Lecture 3: Structural Adjustment, Neoliberalism, Local Exchange Trading System

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11 May 2018
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Lecture 3 - 13/03 - Paradoxes
Paradox = contradiction lying in how theory plays out in reality
In era of greatest technical power, so many go hungry - starvation is an institution
Spatial dimensions = comparisons drawn between societies, national development as
measure
temporal = trad. societies framed as living in a past time, idea that societies become
better over time
Modern institutions informed by MT - these have effects on countries development, e.g.
undeveloped countries are risky to invest in
Scarcity is created by development processes
Inequalities end up being worse in more highly developed countries
we are naturalised into thinking of scarcity rather than abundance - dev. then becomes
about how can we become more productive
Scarcity is produced through development
What is valued is a social construct
What is valued becomes scarce
We create scarcity through market logic - benefits producers bc then they can charge
more
trad. societies share (ethic of the commons) - do not aspire to maximise profit - dividual
community
hunter gatherers would not reject new tech., but they did not see it as necessary
Institutional arrangements = the way in which societies organise
common sense logic of competition, private property etc., as opposed to logic of
sharing
LETS (Local Economic Trading Schemes) = locals exchanging services/goods, based
on need - prevalent in Europe etc.
Hunger in the midst of plenty - social exclusion, poverty etc.
World Bank - v. influential, promotes MT
Hunger example:
Nature based approaches = food availability is the problem, rising pop. levels = not
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Document Summary

Paradox = contradiction lying in how theory plays out in reality. In era of greatest technical power, so many go hungry - starvation is an institution. Spatial dimensions = comparisons drawn between societies, national development as measure temporal = trad. societies framed as living in a (cid:1684)past(cid:1685) time, idea that societies become better over time. Modern institutions informed by mt - these have effects on countries development, e. g. undeveloped countries are (cid:1684)risky(cid:1685) to invest in. Inequalities end up being worse in more highly developed countries we are naturalised into thinking of scarcity rather than abundance - dev. then becomes about (cid:1684)how can we become more productive(cid:1685) Institutional arrangements = the way in which societies organise (cid:1684)common sense(cid:1685) logic of competition, private property etc. , as opposed to logic of sharing. Lets (local economic trading schemes) = locals exchanging services/goods, based on need - prevalent in europe etc. Hunger in the midst of plenty - social exclusion, poverty etc.

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