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13 Cards in this Set
- Front
- Back
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Capitalism
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According to Marx, everything involved in production is given for a value (even labor), everything is owned by the capitalists (the means of production & relations of production), workers have to sell their labor in order to survive.
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Lenin
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wrote on imperialism being the monopoly stage of capitalism with the core dominating/creating cartels, syndicates & trusts and financial capital, dividing up their world for their economic gain.
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Means of Production
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elements that combine in the production process including labor, tools & technology.
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Imperialism
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the “highest stage of capitalism” and its final stage before revolution, which build the foundations for the long-term development of productive forces & improving living standards in 3rd World.
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Base-superstructure
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economy as the foundation of society, with its means of production & the relations of these productions, change in base will lead to change in superstructure (legal/political)
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Wallerstein
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world systems theory
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Emanicipation
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3 definitions: reconciliation w/nature, centrality of communication & dialogue & radical democracy or expansion of moral boundaries of political community.
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World-system
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the dominant form of social organization; two types are world-empires & world-economies, difference in how they distribute resources: empire uses its power to redistribute resources from periphery to core; economies use the market.
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Core-periphery
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dominate the word system, having high wages, importing raw materials & exporting manufactured good, high investment & welfare services.
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Semi-periphery
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plays an intermediate role between the core & the periphery, exporting ‘mature’ manufactured goods & raw materials with low wages & welfare services.
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Monopoly
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the phase of capitalism that has resulted in the two-tier structure within the world economy with a dominant core exploiting a less-developed periphery.
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Dependency theory
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periphery/3rd world are now dependent on the core for their survival.
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Frankfurt School
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where the critical theory came out of which focused on questions of culture, bureaucracy, the social basis & nature of authoritarianism, the structure of family, reason, knowledge, etc. (the super-structural – cultural, political, social).
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