Philosophy 3810F/G Lecture : One Economy

• School: Western University
• Department: Philosophy
• Course: Philosophy 3810F/G
• Professor: Steve D' Arcy

Document Summary

And in cases where countries break the ground rules it can impose penalties. Imf essentially loans money to governments but on certain conditions, golden straightjacket idea (fiscal restraints), structural adjustment framework y. Global justice meetings y mass demonstrations to rally against ios y the washington consensus: another name for the golden straightjacket or neoliberalism. y consensus for ios in favour of neoliberalism. Four major criticisms: wto places economic concerns over all other humanitarian concerns, wto erodes national sovereignty, wto is undemocratic, wto increases inequality. Concern 1: economic concerns y economics as trumps y. Concern 3: wto is undemocratic y says that it is because the decisions are made by a consensus y. It is unfair that every country have one vote when their populations are in the billions count for the same as the countries who are simply in the thousands.