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Globalization and Culture
Neoliberalism & Neocolonialism
Week 5
September 28, 2016
Karl Marx,
1818-1883
Marxism 101
● history & class struggle
● proletariat & bourgeoisie
● commodity
● use value & exchange value
● labor power
● wage labor
● surplus value
● social reproduction
● reserve army
Research Group Meetings
● Exchange contact information
● Brainstorm subtopics within your main topic
● Divide subtopics among group
● Make a plan for next steps
David Harvey: Neoliberalism
What does Harvey mean by creative
destruction?
David Harvey: Neoliberalism
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
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
that is put in action as “social welfare state”
policies
● Social welfare includes state spending on
schools, education, health, employment.
Naturalization of Neoliberalism
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?
Redistributive vs Generative
Redistributive vs Generative
Harvey argues that neoliberal policies have not
actually produced greater wealth. Instead, the
net result of neoliberal policies has been a
redistribution of wealth to a smaller and smaller
elite class.
Wealth Distribution in the US
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?
What examples does Harvey give us?
Neocolonialism
Colonialism:
● Extraction of economic resources through
direct political control
Neocolonialism:
● Extraction of economic resources through
indirect political means

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320f16 week5

  • 1. Globalization and Culture Neoliberalism & Neocolonialism Week 5 September 28, 2016
  • 3. Marxism 101 ● history & class struggle ● proletariat & bourgeoisie ● commodity ● use value & exchange value ● labor power ● wage labor ● surplus value ● social reproduction ● reserve army
  • 4. Research Group Meetings ● Exchange contact information ● Brainstorm subtopics within your main topic ● Divide subtopics among group ● Make a plan for next steps
  • 5. David Harvey: Neoliberalism What does Harvey mean by creative destruction?
  • 6. David Harvey: Neoliberalism 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
  • 7. 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 that is put in action as “social welfare state” policies ● Social welfare includes state spending on schools, education, health, employment.
  • 9. 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?
  • 11. Redistributive vs Generative Harvey argues that neoliberal policies have not actually produced greater wealth. Instead, the net result of neoliberal policies has been a redistribution of wealth to a smaller and smaller elite class.
  • 13. 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? What examples does Harvey give us?
  • 14. Neocolonialism Colonialism: ● Extraction of economic resources through direct political control Neocolonialism: ● Extraction of economic resources through indirect political means