DEVS 100 Lecture Notes - Lecture 4: John Maynard Keynes, Karl Polanyi, Devs
24 Jun 2017
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)t is generally agreed that the massive division of countries into (cid:498)rich(cid:499) and (cid:498)poor(cid:499) began after capitalism, colonialism, and imperialism took over, over: since wwii, the wage gap has increased dramatically! This benefitted the colonizer, while often creating destitution and misery in others. Governments must be able to step in when the market fails (like according to karl polanyi). September 29, 2013: uneven capitalist development was the result of capitalism and magnified by imperialism. Some countries prospered and grew while others were exploited after being seized by alien countries: countries had to develop strategies to keep up with industrial countries, like. The moment of development oppression and plunder: the us became the largest capitalist country in the world, accounting for half of world production in 1945 after the destruction in europe. It included changing economies from being agriculturally to industrially based: development was largely a war between capitalism and communism.
