SOSC 3240 Lecture Notes - Lecture 4: World Trade Organization, Business Unionism, Corporatism
19 May 2016
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Multiple choice: may 18th lecture and readings. Keynesianism: an approach to market economy, market will often fail to meet social needs - will create social harm, prevailing economic doctrine. State would undertake: commitment to full employment, universal social programs ie. public health care, universal social programs ie. public health care ie. state spending more money in economy & post-secondary education. May 18th, 2016: public enterprise, guarantee labour rights and collective bargaining. Labor: corporatism and business unionism responsibility to only their members, anti-communism. Caulfield reading led to irratical politics to push communist politics out of the labour movements: commitment to ensuring productivity gains. Global economy would be regulated: fixed exchange rates and capital controls to a certain value of gold, bretton woods institutions such as the ibrd (the world bank), imf and the gatt (now the wto) Golden age of capitalism: increasing international trade and production, high levels of employment, real wage increases, rising standards of living globally.
