LABR 2P96 Lecture Notes - Lecture 1: Child Care, Student Debt, Ecocide
15 Sep 2016
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Document Summary
Development has constructed institutions that extract value (plus-value) from the rest of society. G-7; g-20; organization for economic cooperation and development (oece), and the world. Economic forum (meet at davos), the united nations institutions such as the imf, the wb, the. Through unpaid labour (domestic labour and those feminized bodies; rent (wage) and interest (international debt, student debt, housing mortgage, etc. ) Where wealth comes form is important because if you are invisible you don"t receive wealth. Ex/ greece went to the imf for a loan but interest raters were extremely high so now the country is in debt. The u. s. , that is the most powerful nation in history, cannot erase poverty, provide full employment, guarantee decent housing or an adequate diet or good health care to its people. 1992, the un development program (undp) informed that 80% of the world income went to the top fifth of the world"s people, while the bottom fifth got 1. 5%
