Sociology 2228A/B Lecture Notes - Lecture 10: Quran, Free Trade, North American Free Trade Agreement
10 Apr 2020
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Its market based claims and rules are always in contention precisely because his project generates cultural and material insecurities in imposing a one-size-fits-all" program across a very diverse world. Attempts to fashion the world around a central principle (the free market) through powerful political and financial institutions. Implies that free markets are somehow a natural and inevitable state of affairs. Material inequality is more entrenched than ever across the world. Self-interest and monetary wealth alone are not universal goals. Social classes deprived of livelihoods on the land of rights in the workplace, and of stable business conditions formed protective countermovements against attempts to rule through free-market principles. Countermovements focused on bringing markets under social control. Land and labour are treated as commodities to be bought and sold, accumulated, and disposed of. Markets govern society with a singular financial calculus, devaluing non- monetized contributions to social life and disregarding various forms of discrimination and environmental degradation.
