SOCIOL 2R03 Lecture Notes - Lecture 24: Friedrich Hayek, Robert Reich, Serfdom
Document Summary
Laments the dark underside of globalization in which the rich increasingly disengage themselves from their fellow countrymen and leave them in deteriorating conditions . Some may be bene ting but some aren"t bene ting at all (people in india who are being offered jobs at call centres due to globalization) Modernization and development will gradually improve the lives of all people (even those in the developing world. Taught at the london school of economics, university of chicago, university of frieburg. One of the most in uential economists of the second half of the 20th century. Governments should sell off any assets they own that private corporations could be running at a pro t. Governments should dramatically cut back funding to social programmes. Dependency theorists: even as developing countries make gains and advances, they remain weak and in subordinate positions to the core nations, andre gunder frank (1967) poverty and deprivation are not humankind"s original state (cited in sernau, 2011: 39).
