12.02.14 World Politics 121 Notes
12.02.14 World Politics 121 Notes
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Date Created: 01/14/15
Global Economy is the 4 issue of the nation state In the 20 century government took a more active role in the economy Government began to provide things such as social security house care housing programs central banks all sorts of things with fiscal policies like taxing Over time it has become apparent that they expect their government to provide economic security in their lives Land Labor and capital are the factors of production Labor and capital are somewhat mobile Land is not mobile It s pretty hard but you can do it in an indirect way Land is immobile The Nation State is fundamentally at odds with the landlessness of market capitalism Market capitalism says that you should seek the highest profit so if you can find a way to not pay taxes in the United States then why would they If nobody paid taxes then state schools like UMass would probably disappear Market capitalism was developed in order to solve the one specific problem of subsistence living in Europe there was not enough stuff to keep people going Eg food goods shelter wanted a system that maximized the production of goods If you produce something that the market wants you satisfy the interest of the people who purchase from the market Your own selfinterest guides you into building something that other people want or need If you do this well and you produce a product that allows you to generate a profit then you can keep that profit andby keeping that profit you can become rich Market capitalism wants that surplus to be created and so that the highly productive people to have that surplus because then those people who made good investment decisions they will have the money to make more investment decisions they will satisfy more interests Market capitalism deliberately funnels money to those people who are successful in the market but makes no apology that people should get rich it relies on the fact that people should get rich There is no other way to get a surplus for future investment unless you allow people to get rich The whole point of market capitalism is to create more stuff It doesn t matter if you think that stuff is good or bad If you sell a lot of it it s good if you don t it is bad If you dupe enough people to buy a pet rock then you deserve to get rich 18201992 172 years we skyrocket to 54 billion people then in 2014 72 billion people The determinant for this population explosion was sanitation water fresh water and getting rid of your waste The most significant cause of infant mortality is diarrhea Because many children do not have access to water they get diarrhea and then they dehydrate and then they die GDP is a very artificial measurement It takes the value of all the things you develop and then what is the price of all of those things combined The productivity comes from human innovation Finding out how to produce more with less or figuring out how to use the things given to you in a more efficient way In 1820 the world s largest economy was China India was the second largest economy in the world we can use resources in any place in the world and we can find consumers in any place in the world so this maximizes production to a great degree Production D consumption Howmuch access to people have to this stuff Inequality in some sense plays a role in producing a better life Dependency Theory argues that those countries that are colonized lost their ability to control their resources and therefore those countries saw their resources diverting for the use of someone else and therefore its not as if the poor countries just lagged behind From the very beginning of the modern world system poor countries were hooked into a global markets British discovered Jamaica and tells the Jamaicans that if they change what they grow on their soil from the stuff they consume ordinarily to the stuff that can be exported and sold they can make considerably more money They re just selling beans and beans aren t very profitable but if they grew sugarcane it could have been incredibly profitable It was not a free choice because of imperialism because the British just wanted to make more money Money did not go to the Jamaicans It went to the British plantation owners You can go to any major city on the face of the planet but when you go into that capital city you will find a zone that has Gucci or Chanel or louie vuitton Everyone there will either speak English Chinese german Japanese or any business language In order to create wealth you must simultaneously create poverty
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