POL208Y5 Lecture Notes - Lecture 12: Cynthia Enloe, Reserve Currency, Multilateral Investment Guarantee Agency
23 Jun 2016
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Document Summary
Imperialism to create captive markets for your widgets created to get more profit for the capitalists via 2 main pillars: extraction of resources of minerals, slaves, etc, export of surplus manufactured goods. Marx talks about how capitalism through the process of imperialism will spread across the world. Transforms one"s way of life forever, not just economically, all aspects (ex job, culture, gov"t) For orthodox marxist: you will remain in the primitive, stagnate state, won"t prosper economically, never achieve highest level (ie communism), without achieving first step, capitalism, first (thus it"s a necessary evil) Had a huge part is causing russian revolution, creating soviet union, first leader and led it until his death. Lenin (+othere) noticed about prophecies of marx: wages of profit in places like. Germany, britain, usa (when marx actually thought they"d decrease) 1st revolutions occur when capitalism are squeezing the tightest industrialized nations.
