ANT204H1 Lecture : Lecture November 6th Economy.docx
Document Summary
Lecture november 6th economy, debt, austerity, and inequality. Who and what is in our broom closet: the lumpen, we don"t want to end up there. Ethical substance: some people are ethical and some people are the subjects of our ethical substance. What are our options: reorganize society and make compromises in order to ensure fair distribution of wealth and wellbeing or, state that your own happiness is more important than another"s suffering. Accumulation by dispossession- we always make some kind of value judgment whenever we make purchases/choices in life. Violence in society is usually justified by debt. Maybe socially: 5) assumes that all human relations are quantifiable. In 80"s the us fiscal policy became more conservative they were afraid of another market crash: this started the debt crisis. Imf stepped in and decided to offer help (refinancing option) to 3rd world countries as long as these countries didn"t put money into social programs (austerity)
