It is hard to imagine that the rich get richer and the poor stay poor is a philosophy still followed in the world, but it is. For centuries, people have argued that all the world cares about is keeping making the rich richer while the poor suffers. There is evidence that the world is still following in those same footsteps and there is no end in sight. This idea is known as dependency theory and dependency theory is the notion that resources flow from the poor and underdeveloped states to the wealthy and advanced states. There are many aspects to dependency theory and how it operates, but it all functions under one notion, keep the rich happy. To understand what was going on, dependency theorists had to ask one question, why are so many countries
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Dependency theorist then make three arguments as to why underdeveloped countries stay that way; the three are the international division of labor, class distinction, and global capitalism1. The argument for international division of labor is that the CC states dominate in terms of industry and technology. Further advancements are possible due to the overwhelming amount of wealth in these countries while the other three states are mainly used for resource extraction economies, agricultural production, and providing cheap labor. The structure of the world economy is the PC states serve only the CC states, CP states serve the PC and CC states, and the poorest of the poor, the PP states ultimately help all three of …show more content…
The best way to think of global capitalism is to imagine a war room at an office. Let’s say all the younger employees are going up with money making ideas that the company plans to use. The company takes the ideas that the younger employees brainstormed, and pass them to the higher ups and billing them as the employees who put in the hard work to come up with everything. The company had a chance to build on the future of the bright and young employees but decided that the older and more important workers should take all of the credit and success. This relates to the cancer that is global capitalism because it takes everything away from the peripheral states (PC, CP, and PP), and gives it to the already developed state (CC), to keep them in
Dependency theorist then make three arguments as to why underdeveloped countries stay that way; the three are the international division of labor, class distinction, and global capitalism1. The argument for international division of labor is that the CC states dominate in terms of industry and technology. Further advancements are possible due to the overwhelming amount of wealth in these countries while the other three states are mainly used for resource extraction economies, agricultural production, and providing cheap labor. The structure of the world economy is the PC states serve only the CC states, CP states serve the PC and CC states, and the poorest of the poor, the PP states ultimately help all three of …show more content…
The best way to think of global capitalism is to imagine a war room at an office. Let’s say all the younger employees are going up with money making ideas that the company plans to use. The company takes the ideas that the younger employees brainstormed, and pass them to the higher ups and billing them as the employees who put in the hard work to come up with everything. The company had a chance to build on the future of the bright and young employees but decided that the older and more important workers should take all of the credit and success. This relates to the cancer that is global capitalism because it takes everything away from the peripheral states (PC, CP, and PP), and gives it to the already developed state (CC), to keep them in