SOC220H1 Lecture Notes - Lecture 5: Social Inequality, Neoliberalism, Free Trade
Document Summary
Lecture 5: the working class in the global stage of capitalism. Debt, discipline and dispossession: race, class and the global slump. Social inequality to protect the role of the nation state, the interest of its own capitalist. Even after colonialism ended, slavery and inequality still continued: class and racial inequalities persisted and in some cases it became worse. Didn"t like the state giving the strict rules that were put in place to protect the workers and environment. From a world economy to a global economy. World economy: national economies are linked to one another through trade and finances in an integrated international market, collection of national economies. Global economy: production of a single thing is decentralised, everyone comes together to great one thing. A global capitalist economy is characterized by: global production chains, global capital. A system of policies that promotes the interest of private enterprises by eliminating any remaining barriers to capital"s search for resources, labour, and markets.
