Global inequality & Economic Relations: Marxism
Throughout week 6 we will be looking at how Marxism can be used as an explanation of Global inequality & Economic relations. Marxism is a political and social theory that suggests social change comes about through class struggles; the bourgeoisie and the proletarians. The bourgeoisie represent the class of people who control most of the wealth and the means of producing goods and services; whereas the proletariat represent the working class, the workers or employees. (Marx and Engels, 2008) With the bourgeoisie controlling wealth and production, the proletariat are in turn, forced to take lower paying jobs with less rights.
Global inequality has to do with the "convergence and divergence" (Milanovic, 2006) of resources and wealth residing in certain nations; while economic relations refers to the reducing of barriers to trade, resulting in a more free access to one another's economy and resources (RAND, n.d). Both of these two are connected, and best explained by Karl Marx and his political and social theory, Marxism. Freedman states, in his book The Marxist System, that "inequality of economic condition meant inequality of political and social condition." (Freedman, 1990) That is to say that because the bourgeoisie have all the wealth and …show more content…
(2010). Marxism and world politics. London:Routledge
Freedman, R. (1990). The Marxist system. Chatham, N.J.:Chatham House Publishers.
RAND. (n.d.). International Economic Relations. [online] Available at: http://www.rand.org/topics/international-economic-relations.html [Accessed 16 Apr. 2016]
Marx, K. and Engels, F. (2008). The Communist manifesto. London: Pluto.
Milanovic, B. (2006). Global Income Inequality: What It Is And Why It Matters?. [pdf] pp.1-3. Available at: http://www.un.org/esa/desa/papers/2006/wp26_2006.pdf [Accessed 16 Apr. 2016].
Wallerstein, I. (2011). The Modern World-System I. Berkeley: University of California
Throughout week 6 we will be looking at how Marxism can be used as an explanation of Global inequality & Economic relations. Marxism is a political and social theory that suggests social change comes about through class struggles; the bourgeoisie and the proletarians. The bourgeoisie represent the class of people who control most of the wealth and the means of producing goods and services; whereas the proletariat represent the working class, the workers or employees. (Marx and Engels, 2008) With the bourgeoisie controlling wealth and production, the proletariat are in turn, forced to take lower paying jobs with less rights.
Global inequality has to do with the "convergence and divergence" (Milanovic, 2006) of resources and wealth residing in certain nations; while economic relations refers to the reducing of barriers to trade, resulting in a more free access to one another's economy and resources (RAND, n.d). Both of these two are connected, and best explained by Karl Marx and his political and social theory, Marxism. Freedman states, in his book The Marxist System, that "inequality of economic condition meant inequality of political and social condition." (Freedman, 1990) That is to say that because the bourgeoisie have all the wealth and …show more content…
(2010). Marxism and world politics. London:Routledge
Freedman, R. (1990). The Marxist system. Chatham, N.J.:Chatham House Publishers.
RAND. (n.d.). International Economic Relations. [online] Available at: http://www.rand.org/topics/international-economic-relations.html [Accessed 16 Apr. 2016]
Marx, K. and Engels, F. (2008). The Communist manifesto. London: Pluto.
Milanovic, B. (2006). Global Income Inequality: What It Is And Why It Matters?. [pdf] pp.1-3. Available at: http://www.un.org/esa/desa/papers/2006/wp26_2006.pdf [Accessed 16 Apr. 2016].
Wallerstein, I. (2011). The Modern World-System I. Berkeley: University of California