POLS 1500 Chapter Notes - Chapter 17: Proletarianization, Flexible Response, Economic Liberalism

• School: University of Guelph
• Department: Political Science
• Course: POLS 1500
• Professor: Andrea Paras

Document Summary

From local markets to global political economy: because transportation was difficult, only goods considered very valuable were both carrying long distances. For most of human history then, markets were quite small, goods were primarily local, and exchanges in the market were simply part of reproducing everyday life. I(cid:374) people(cid:859)s ide(cid:374)tities, (cid:449)a(cid:455)s of thi(cid:374)ki(cid:374)g, a(cid:374)d (cid:449)a(cid:455)s of st(cid:396)u(cid:272)tu(cid:396)i(cid:374)g hu(cid:373)a(cid:374) (cid:271)eha(cid:448)iou(cid:396). Centralizing european states promoted capitalist arrangements that favoured the accumulation of wealth by a minority, whose decision-making power shaped the choices of and resources available to the majority. Internally, mercantilism promoted positive trade balance (more exports than imports) and protection of domestic production; e(cid:454)te(cid:396)(cid:374)all(cid:455), it i(cid:374)(cid:272)(cid:396)eased agg(cid:396)essi(cid:448)e e(cid:454)ploitatio(cid:374) of (cid:858)(cid:374)e(cid:449)(cid:859) la(cid:374)ds and prompted conflicts as. Industrial capitalism transformed the scale of production, who produced what goods, by (cid:449)hat (cid:373)ea(cid:374)s a(cid:374)d (cid:449)ith (cid:449)hat (cid:448)alue. The site of (cid:858)(cid:449)o(cid:396)k(cid:859) shifted a(cid:449)a(cid:455) f(cid:396)o(cid:373) households to workshops and factories where it was paid in wages, considered (economically) (cid:858)p(cid:396)odu(cid:272)ti(cid:448)e(cid:859) a(cid:374)d asso(cid:272)iated (cid:449)ith (cid:858)(cid:271)(cid:396)ead(cid:449)i(cid:374)(cid:374)i(cid:374)g(cid:859) (cid:373)ea(cid:374).