GGR209H5 Lecture Notes - Lecture 4: Bretton Woods System, Varieties Of Capitalism, Labor Rights
Document Summary
Mexican secretary of labour strongly biased against mineros union. Strong alliance between the miners organized into mineros local 309 and the la sierrita ejido, mutually reinforcing demands. Role of international solidarity coordinated by prodesc (steelworkers, mining watch, Aflcio solidarity centre) in raising political cost of state repression. Government: branch of state administered directly by ruling party/individual/group. Neoliberalism: intensification of capitalism through free markets" in all areas of the economy: eg. privatization, commodification of nature, intensification of market pressures in social life. Also known as: supply-side, trickle down economics. Opposed to state providing goods & services in place of market; only regulate markets & Is the state is powerless in context of economic globalization? protect private property. The state and the national economy property rights. Ultimate guarantor: bailing out financial institutions, currency, international trade agreements, Economic manager: tariffs, promoting exports, regulating incoming & outgoing fdi, labour. Business owner: state-owned enterprises (soes); government-linked companies (gles)
