Political Science 1020E Lecture Notes - Lecture 10: Varieties Of Capitalism, State Capitalism, Corporatism
1 Jan 2016
School
Department
Course
Professor
Document Summary
Markets natural, in tune with human nature vs markets unnatural, we create them and prop up rules. Markets tend to equilibrium, humans adapt to market information. Economic systems: marx- capitalism is one of several ways organize economy- competition historically of capitalism vs other forms for predominance- capitalism predominant in modern day. Centric: state picks winners: state identifies strong firms and provides them with support needed to build up strength- use state power to lead world-leading corporations. Vs liberal approach: winners= those who prevail in market economy based on independent efforts: japan leading example, china may be reinventing this model: chinese have more control over investment, exchange rate currency to establish competitiveness. Globalization: a) complex process of integration and interconnection: Shrinks distances between planet actors: tending towards a borderless world - a single global market, culture, society, and political order: globalization challenges the state based planet approach- less reliant on borders/boundaries- instead making them more porous.
