CSCT 1CS3 Lecture Notes - Lecture 8: International Monetary Fund, Neoliberalism, Classical Liberalism

• School: McMaster University
• Department: Cultural Studies and Critical Theory
• Course: CSCT 1CS3
• Professor: Sherry Smith

Document Summary

Diffe(cid:396)e(cid:374)(cid:272)e (cid:271)et(cid:449)ee(cid:374) (cid:862)(cid:894)(cid:374)eo(cid:895)li(cid:271)e(cid:396)alis(cid:373)(cid:863) a(cid:374)d (cid:862)(cid:272)apitalis(cid:373)(cid:863)- neoliberalism (according to steger and roy) is: an ideology, a mode of governance, a policy package. Goes beyond just our economic structure, how do we get it into legislature and political policy. Neoliberalism works for/is part of capitalism- we in cs are more interested how it affects us and our lives and our cultures. Classical liberalism- (cid:862)e(cid:272)o(cid:374)o(cid:373)i(cid:272)s a(cid:374)d politi(cid:272)al (cid:373)atte(cid:396)s a(cid:396)e la(cid:396)gel(cid:455) sepa(cid:396)ate,(cid:863) e(cid:272)o(cid:374)o(cid:373)i(cid:272)s is supe(cid:396)io(cid:396) (cid:271)(cid:272) it (cid:449)o(cid:396)ks (cid:449)ithout go(cid:448)(cid:859)t i(cid:374)te(cid:396)fe(cid:396)e(cid:374)(cid:272)e (cid:894)(cid:1007)(cid:895) (cid:862)the (cid:858)self-(cid:396)egulati(cid:374)g(cid:859) (cid:373)a(cid:396)ket as the (cid:373)ai(cid:374) e(cid:374)gi(cid:374)e po(cid:449)e(cid:396)i(cid:374)g the i(cid:374)di(cid:448)idual(cid:859)s (cid:396)atio(cid:374)al pu(cid:396)suit of (cid:449)ealth(cid:863) (cid:894)(cid:1006)(cid:895) Protection of private property and legal enforcement of contracts. The great depression- (cid:272)lassi(cid:272)al li(cid:271)e(cid:396)alists (cid:271)la(cid:373)ed the go(cid:448)(cid:859)t fo(cid:396) a(cid:374)(cid:455) issues (cid:449)ith the free market, then the great depression happened and they could no longer blame them, had to make some changes. Modern capitalism had to be regulated, improving capitalism (not revolution)