SCS 1150 Lecture Notes - Lecture 4: International Monetary Fund, North American Free Trade Agreement
13 Apr 2016
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Document Summary
Elaborating on the blind spots of power, http://www. youtube. com/watch?v=3m29by86bp4. What causes economic cycle to go higher and higher over and over. The probable answer is that the development of expertise and technology is self-propelling, self-reinforcing process which does not need any extra causes. (bauman & may 2001) Take into account only the maximization of products. In spite of its pretenses for modernity it is rooted in 18th century theories. The dangers of the greed economy stem from the narrow definition of its priorities. Power is defined most of the time according to the elitist model and its dangers stem from the large. The greed economy has enormous advantages to few while destroying the lives of many. (which has not changed in the last 300 years, as shown in the following examples) In north america many people had to rely on charity to get food. The economic and political crisis extended to europe and contributed to starting world war 2.
