GOVT1621 Lecture Notes - Lecture 9: 1997 Asian Financial Crisis, Core Countries, Social Forces

• School: University of Sydney
• Department: Government and International Relations
• Course: GOVT1621
• Professor: Ainsley Elbra

Document Summary

Communist parties did not now constitute a threat to the hegemony of the global capitalist system. 2 reasons why marxism still exists: breakup of the soviet bloc. Possibility of arguing in favour of marx"s ideas without defending the actions of governments that justify their behaviour with reference to them. Disappearance of ussr encouraged an appreciation of marx"s work without the baggage of marxism-leninism as a state ideology: marx"s social theory retains formidable analytical ideas on the world we inhabit. Marx"s theory consist of capitalism as a mode of production. Marx"s work in his analysis of crisis. Asian financial crisis in the late 1990s: demonstrate global capitalism have implications on individual lives. Marxist thought: presents a rather unfamiliar view of ir. Realism and liberalism thought: portray world politics in ways that resonate with those presented in foreign news pages. Marxist theories: aims to expose a deeper, underlying truth.