POLS 2490 Lecture Notes - Lecture 7: The Surplus, Finance Capitalism, Neoliberalism
14 Apr 2016
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Document Summary
For liberal thinkers, the government should not intervene in the economy it is understood to be self-regulating. 1) the economy is largely separate from the political and that governments should not interfere in economic processes. 2 elements found in the readings part of hegemony of the contemporary world. The idea of hegemony comes from antonio gramsci comes from his social theory. One theory: false consciousness (delusion) believed the working class did not know their own interests, and that they just assumed their interests were in align with those of the capitalists. Another important element comes from lennon"s theory of imperialism. Rising poverty, inequality and social violence are sidelined by things such as the war on terror and the need to protect the interests of a state (the elite class) It"s true that imperialism increases the overall wealth of society. Workers get wealthier in absolute terms but still lose out in relative terms.
