SOSC 1341 Lecture Notes - Lecture 9: Social Economy, Neoliberalism, Diane Finley
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Definition: the increasing integration of societies and economies across the world. Basic global problem since 1970"s: not enough work: 1. globalization: outsourcing: technology change, worker incomes have been flat since 1970"s (increase quality of life: debt) Neo-liberalism solution for economic growth productivity reconstructing free up market to create wealth. 2/3 society income polarization- 1/3 has good employment remainder work in the informal sector contingent precarious. Dualism debate (levy, page 88: anti-social economy it is an economy that is tied to global economy; elite jobs and unionized jobs. Precarious economy- is non-unionized and local; service the needs of the anti-social economy and the riots of the society not just the unskilled who are poor-nearly a third of poor adults possess a post-secondary education. Levy argues that capital has been liberated from labor social consequences. His solution is to take the third sector social economy approach social wage for people who are willing to work in the social sector.