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Globalization and Culture
Labor & Consumption I
September 23, 2013
Neoliberalism as Theory
Premises of neoliberalism as a theory:
● market forces will maximize human well-
being
● for that ...
Keynesianism
● Named after John Maynard Keynes
● Keynes called for state intervention - especially
government spending dur...
Naturalization of Neoliberalism
Neoliberal economic theory becomes attached
to principles of individual freedom and libert...
Key Examples
● New York City’s fiscal crisis of 1970s
● US invasion of Iraq
Effects of Neoliberalism as Practice
Harvey argues that neoliberal policies have not
actually produced greater wealth.
● W...
Redistributive vs Generative
Harvey argues that the net results of neoliberal
policies has been a redistribution of wealth...
Accumulation by Dispossession
On page 15, Harvey discusses Marx’s notion of
“accumulation by dispossession.” What did
Marx...
Four elements of
accumulation by dispossession
● privatization
● financialization
● management and manipulation of crisis
...
Tourism & Neoliberalism
● In your groups, summarize the article by Aizura,
“Romance of the Amazing Scalpel”
● What did you find most interesting a...
320f13week5
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  1. 1. Globalization and Culture Labor & Consumption I September 23, 2013
  2. 2. Neoliberalism as Theory Premises of neoliberalism as a theory: ● market forces will maximize human well- being ● for that to happen, we need an institutional framework of private property rights, individual liberty, free markets, and free trade ● the state’s job is to create and preserve that framework
  3. 3. Keynesianism ● Named after John Maynard Keynes ● Keynes called for state intervention - especially government spending during economic crisis to raise employment and stimulate consumption ● State has to balance market forces ● Broadly, Keynesianism describes a philosophy put in action as “social welfare state” policies ● Social welfare includes state spending on schools, education, health, employment.
  4. 4. Naturalization of Neoliberalism Neoliberal economic theory becomes attached to principles of individual freedom and liberty ● In US, this takes on an especially strong libertarian tone ● Harvey argues that business elites join forces with the Christian Right (“moral majority”) in the 1980s - what was the result of this partnership?
  5. 5. Key Examples ● New York City’s fiscal crisis of 1970s ● US invasion of Iraq
  6. 6. Effects of Neoliberalism as Practice Harvey argues that neoliberal policies have not actually produced greater wealth. ● What does he point to as support for this claim? ● What does he argue the function of neoliberalism has been?
  7. 7. Redistributive vs Generative Harvey argues that the net results of neoliberal policies has been a redistribution of wealth to a smaller and smaller elite class.
  8. 8. Accumulation by Dispossession On page 15, Harvey discusses Marx’s notion of “accumulation by dispossession.” What did Marx mean by that term, and how does Harvey update it for the contemporary moment?
  9. 9. Four elements of accumulation by dispossession ● privatization ● financialization ● management and manipulation of crisis ● state redistributions
  10. 10. Tourism & Neoliberalism
  11. 11. ● In your groups, summarize the article by Aizura, “Romance of the Amazing Scalpel” ● What did you find most interesting about this article? ● What are the visitors to the clinics paying for? What services do the workers provide? ● How does this relate to our first conversation about globalization and culture? What roles does culture play in this industry? ● In what ways can we think about global tourism, including health tourism, as related to Harvey’s description of neoliberalism? ● Is tourism good, bad, or neutral?

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