POLS 396 Lecture Notes - Lecture 9: Neoliberalism, Consumerism, Natural Resource
11 Apr 2018
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Document Summary
Neoliberalism rises in the 80"s, continues in the 90"s, and reaches crisis in 2008. Decline of unions, reduced social spending, privileging market solutions to social issues. Globalization: increased international trade and capital mobility. Business must be accommodated and facilitated, incentivize the rights to the types of businesses. Conflict has shifted to the global south, great power rivalry has declined. Conflict in latin america, asia, and africa often revolved around resources. Neoliberal societies in the west are largely based upon service industries and. Global north makes stuff and sells it to the global south. South becomes indebted and north becomes profitable. Can be produced more cheaply in the south using their labour. Trade deficits american industries involved in resource extractions and putting into offshore factories then importing it into the us. Capital businesses are taking profitable enterprises without thoroughly being vetted within their own country. American businesses are main beneficiaries of a trade deficit. Borders have changed due to capital mobility.
