GEO 108 Lecture Notes - Lecture 11: Washington Consensus, Stagflation, Economic Globalization
14 Oct 2018
School
Department
Course
Professor
Document Summary
How the global south gained their independence post-colonially - still living with the consequences/legacy of colonialism and why poverty is a persistent problem (cid:498)where there is no established government - the queen owns the land(cid:499) Paradox of poverty: places with greatest prosperity have largest number of people living in poverty, least equal distribution = most violent. Solutions: insist on justice, not charity - forgiveness of foreign debts, change global tax system - taxes on property ownership, land reform - gregarian reform, end privatization of natural resources. Radical idea: famines are effective market solutions - people die, demand decreases: society is geared this way. Restore idea of commons: shared use of resources for all, not privatization of natural resources, private owners can charge higher and higher costs at their own discretion, ex. A-growth/de-growth = decrease consumption and waste: reduce lifestyle demands on ecosystem - underdeveloped should have equal share, exit the religion of.
