SOCA02H3 Lecture Notes - Lecture 7: Tim Hortons, Engagement Ring, Fixed Price
Document Summary
Economies an historical view market produces all sorts of benefits- but it must be controlled. Global free market matters the most. Won a total victory virtually unchallenged . It didn"t fail as badly, still exist in few europian nation but problematic. Pollution shares put it on the market and sell it pollute. Companies that can produce product with less pollution they can sell it well. Positive effects of free market- most productivity and wealth ever. The rich society- rich to poor , they run to stay in rich society but not move to poor societies. Wealthy is better think of examples. Market linked democracy politically democratic, the best of all the worse systems. Costs of the market its good but the market cant be free- need control. Must be controlled or runs amok and destroys society. Globalization brings savage" capitalism downsizing, workers remain working harder. China jobs are leaving nations and are going into poor nation.
