SOCIOL 1A06 Lecture Notes - Lecture 25: International Monetary Fund, Buy Nothing Day, World Trade Organization
28 Feb 2015
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Document Summary
Globalization is good because it spreads what is good in america, such as a liberal approach to business, and mcdonald"s. Globalization is bad because it spreads what is worst about america, such as liberal approach to business, and mcdonald"s . When you look at how things flow, things are flowing in one direction. More economically developed societies are dominating less economically developed societies. Neo-liberal economic policy --> government dont interfere with economy, let businesses do. Neo-liberal state policy is problematic and spread of capitalism is problematic. Affects everyone --> food (and other things) we have access to buy, how we connect to each other. Capitalism (overcapacity, taxes, global commodity chains, cultural imperialism) Overcapacity --> dont have enough people that can buy products. Taxes --> critics: big corporations not pay enough in taxes, just shifting tax burden on everyone else; argument: we need to cut corporate taxes because this creates jobs.
