SOC 203 Lecture Notes - Lecture 4: 1973 Oil Crisis, Structural Adjustment, International Monetary Fund
1 Jun 2013
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Colonialism earliest form of globalization, it wasn"t about trade as much as it was extraction. Ex. lumber, beaver and human beings (the slave trade) 20th century: challenges to global capitalism and imperialism. Russian revolution 1917 a large part of the world said no to capitalism. 1940s -1960s emergence of fordism henry ford paid his workers enough so they can afford the products of their labour. It was a moment in which the logic of exploitation was gone. Keynesian economics (1930s -1980s) capitalism would work better if workers are not constantly worried about their survival. This led to the idea of a welfare state. So they are rest assured that they would have healthcare and that their kids would have a proper education. The state took care of things like healthcare, employee insurance etc Independence movements in africa, india and asia (1950s 1970s) all countries became independent from colonial colonists. This was a challenge to the earliest moments of globalization.
