marxism Flashcards
1857 Crisis
within months thousands of banks collapsed accross America, and the shockwave spread to the whole world- first worldwide crisis in the system of production
historical origins
response to commercial liberalism- smith and cobden
early applications of marxism
hobson and lenin
additional insights
gramsci- critical theory
world-systems theory applied
samir amin, gunder frank, wallerstein
core assumptions (4)
- dialectical materialism (class struggle)
- states are not the primary units of analysis- classes are
- class struggle drives IR
- international system is hierarchical
hobson says imperialism was a result of (3)
overproduction underconsumption oversavings -expansions as a solution - new markets, investments and wage competition
“processes of capitalist accumulation led to colonial expansion”
lenin
latin american dependency school
development of periphery depending on the core
access to markets, economic aid
who found the world systems theory?
wallerstein
what is the world systems theory?
an approach to social change which emphasizes the world system (not states) as the primary unit of social analysis
core nations
high income, industrialized, control global markets, has a skilled labor force, needs labor/natural resources from the others
semipheriphery nations
middle income, industrializing, moving towards becoming core
periphery nations
low income, less skilled labor force, exports labor and natural resources, requires investment
core and semiperiphery X periphery
core and semi give periphery money