Political Science 1020E Lecture Notes - Lecture 14: Bet Her, Free Market, Market Socialism
19 Sep 2018
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Politics influenced economic outcomes - organizing the economy & realizing values. With spread and strengthening of markets beginning 18th century. Explored implications for politics and society (smith & ricardo) (marx & The basis for a new science of society. Eager to offer "market man" as general model. Communist revolutions occur in "backward" russia and china. Cold war 1948-1991: capitalism and communism coexist capitalism outlasts communism. State socialism: failure of state to control economy, motivate individuals. And a single global market, culture, society and political order. Reduced ability of states to manage their own affair. Bigger role for subnational bodies - regions, cities. Globalization is a process - multi- faceted, open-ended. Centuries of global exchange, exploration, empire building - persia, china, "the need for constantly expanding market for its products chases the bourgeoisies over the whole surface of the globe. It must nestle everywhere, settle everywhere, establish connexions everywhere" Soviet union collapse 1991: opens up the east.
