Class Notes (809,569)
Canada (493,754)
History (250)
HIST 106 (65)

Hist 106 Lecture 22.docx

4 Pages
Unlock Document

Simon Fraser University
HIST 106
Paul Garfinkel

Lecture 22: The Post-industrial West (reading: chapter 30, pp. 947-976 [includes some review]) Lecture 22 – The Post-industrial West • There were new economic realities in the global context of post industrialization • Manufacturing is no longer a sure route to jobs and wealth • Money now is in services, communications, media, entertainment • In de-industrializing societies, entertainment becomes paramount • Unskilled people can no longer get jobs, and a permanent lower class develops • Minorities are marginalized • Unskilled people become the trouble makers Issues as well change – it’s no longer about production, but about quality of life, the environment, gender etc. • The cost of living goes up and the question comes up about how to revive productivity in a de-industrialized economy • Drastic/untested measures – should workers be re-trained? How would it be paid for? The main factors in a post-industrialist West • Oil crisis • Globalization • De-industrialization The new question is how to keep welfare states intact when super growth has halted. [1] Why did Western Europe face new economic strains by and after 1973? 1. Dependency on oil as a new energy source • 20% of needs goes to 60% by 1973 • Cost jumps 10 fold from 1973-1979 • Europe is not oil producing – so they are dependent on oil producing areas • Acrisis is created by OPEC, who raise prices by 70%. Everything requiring energy goes up in cost. • Unemployment goes up, and the world slipping into recession. 2. Europe lost their technological edge in a globalized market • High labour costs drove up the price of goods and they became too expensive on the world market. • Unionized labour prices itself out of the world market • Asia/LatinAmerica are not unionized and are producing extremely cheap goods. They are getting more investors. • Welfare states are hesitant to apply a stimulus. • Cars, steel, computers, electronics do not get investment and driven off the market • Industrial plants are dismantled • Creates Euro-pessimism • Creates an economic depression – 2-3% unemployment bursts to 10, 12.5, or 17% • In the 1980’s real purchasing power goes down for the first time since World War II. The new economic climate is stagflation. Stagnation + Inflation. Keynes is discredited – spending to stimulate the economy is not working. Defecit spending increases inflation and threatens exports. Other traditional methods are not working as well. They simply fuel stagnation. Neither lefts or conservatives know what to do. Globalization is out of the states’control. The situation is not demoralizing – people are not getting what they used to. Hardest Hit 1. Young people • 25% of Western European Youth are unemployed – it becomes common for young people to live at home. 2. Immigrants • Declining birth rates mean that states are bringing in more immigrants • Brought in mostly from the outside – integrated but victims of violence, racism, etc. • Blamed for stealing jobs from white people and burdening welfare – also blamed for failure to assimilate • Frictions multiply – skinhead violence emerges for right political parties. By the 1980’s Jean Marie La Pen is the most successful anti-immigrant party in Western
More Less

Related notes for HIST 106

Log In


Don't have an account?

Join OneClass

Access over 10 million pages of study
documents for 1.3 million courses.

Sign up

Join to view


By registering, I agree to the Terms and Privacy Policies
Already have an account?
Just a few more details

So we can recommend you notes for your school.

Reset Password

Please enter below the email address you registered with and we will send you a link to reset your password.

Add your courses

Get notes from the top students in your class.