POLS 3790 Lecture Notes - Lecture 5: Economic Nationalism, Systemic Risk, Human Frailty
17 Feb 2018
School
Department
Course
Professor
Document Summary
The natural state of affairs is conflict driven. International conflict is also seen to be inevitable due to the drive for profit-maximization, beating the curve or shareholder value. The capitalist are taking their slice of the pie : critical thinkers tend to perceive ipe as zero-sum, many critical thinkers are considering conflict now. Lenin"s theory of imperialism describes the function of financial capital in generating profits from imperialist colonialism, as the final stage of capitalist development to ensure greater profits : under-consumption in domestic markets, monopoly capitalism. They switched from agro- ecology, to industrial to services. Human frailty; a whole word of explanations saying its due to greed, delusion of investors etc. Institutional failures; institutions have to be reconfigured. Cultural origins; such as the american idea of needing to own your own home. Failure of policy; didn"t consider systemic risk, the internal contradictions of capital accumulation.
