Rise Of Fordism In The 1930's

1330 Words 6 Pages
Write a detailed, concrete, and comprehensive essay about the rise of Fordism and how Fordism dealt with the accumulation crisis that engulfed the capitalist world in the 1930s. Discuss the market and extra-market arrangements and institutions, laws, habits, norms and practices, and the mental conception of the world that shaped Fordism. Explain the specific ways Fordism addressed the problem of production and realization of surplus. Elaborate on the particularities of capital/labor relations, labor markets, capital/state relations, the technological and organizational issues, and the geography of accumulation. (10 Points)
The Great Depression of the 1930’s was a time of crisis for capital accumulation. Through coercion, cooptation, and cooperation,
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it was not deterritorialized). Neoliberalism strives in flexible accumulation, where both physical capital and finance are allowed mobility. The state and labor became too powerful and costly under Fordism, causing capital to revolt with globalization and neoliberalization, including free trade and the privatization of institutions. Capital restructures itself by removing itself from labor and state. Capital then looked to redefine the state’s role in society, turning it from a Keynesian model to a neoliberal one by bringing it under its control and disciplining it. The goal of the neoliberal state was to completely dismantle the Keynesian state. This included several policies such as non-intervention, a free market (which was seen as the only way to achieve freedom), small government, deregulation, low taxes, privatization, and little to no social wage, all of which counter the Fordist/Keynesian method of …show more content…
The fiscal austerity method makes the state weak so they will not discipline the capital and does not allow their individual countries to have a significant enough role in their economy. Privatization and liberalization, including trade and finance, also have the tendency of harming the economies of poorer countries. Privatization serves the interest of big corporations and increases the rate of unemployment as the companies who privatize layoff workers without creating new jobs. In a “one-size-fits-all” method, trade liberalization includes the IMF forcing free trade on countries when loaning them money. These countries are forces to get rid of subsidies even though economically elite countries, such as America, do not follow that rule, leading to less efficient production as they could not keep up with bigger businesses in other countries. Globalization could be beneficial if it were managed better rather than being a system that fosters

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