ANT100Y1 Lecture Notes - Lecture 12: Carlos Slim, Structural Unemployment, White Supremacy

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Because we are still going through this time period, we have a bad vocabulary for describing it. Post-colony = referred to places that were once colonies but also implies that societies are still affected by the colonies. Globalization that was understood at the end of the 20th century is not the same thing as we are experiencing right now. In developed countries, service sector as important or more important than manufacturing. Structural unemployment (solutions found in the ny times article). Illegal immigrants are important part of the economy because they are working at least, they do not get government funding while homeless people need to be taken care of. Industrial and post-industrial societies in a globalized economy. The post colony is undergoing a form of industrialization. In the rich world: there is a nostalgia for working class manufacturing jobs. President trump: has a nostalgia to bring back industrial society. Poverty is decreasing in objective terms, but inequality is increasing.

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