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Free Markets andMorality

Ricardo and Marx

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Free markets and Utility: SocDarwinism

Social Darwinism

Survival of the ttest in human societies

Governments interference in cometitive markewould imede ro!ress

"conomic mists should not #e !iven !overnme

$riticisms of the idea Survival of the ttest is not necessarily survival of the

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Free %rade and Utility: Ricardo

Seciali&ation and free trade #oost total economoutut and everyone can share in this increased

$riticisms Resources move from one country to another

(roduction costs are not constant

)orkers su*er when a comany closes down

%he role of )%+

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,)%+ -ills Farmers.

,My warnin! !oes out to all the citi&ens that hum#ein!s are in an endan!ered situation that uncomultinational cororations and a small num#er o)%+ mem#ers o/cials are leadin! an undesira#!lo#ali&ation of inhuman0 environment1destroyinfarmer1killin! and undemocratic' 2t should #e stoimmediately otherwise the false lo!ic of the neoli#eralism will erish the diversities of a!riculturedisastrously to all human #ein!s'.

7/23/2019 Session+15 (1)

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Marx and 3ustice

$aitalism necessarily roduces extremes of ine%wo sources of income

Sale of ones la#our

+wnershi of means of roduction

%he ro#lem of alienation (roducts that workers roduce are taken away

Dissatisfyin! and unfulllin! work

Forced into anta!onists relations

False views of human needs and desires

5our!eois and roletariat classes

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Marx and 3ustice6

$ommodity Fetishism ,7 commodity aears at rst si!ht an extremely o#v

trivial thin!' 5ut its analysis #rin!s out that it is a verthin!0 a#oundin! in metahysical su#tleties and theoniceties'.

2n #ecomin! a commodity0 a thin! #ecomes 8a#sfrom the conditions in which it was roduced

$ommodities are the roduct of a secic set of relationshis

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Marx and 3ustice'''

%he urose of !overnment (rotect the interests of the rulin! economic class

"conomic su#structure Materials and social controls 9forces of roduction and relation

roduction

(roduction relations deends on the kinds of forces of roduct

Social suerstructure Government and oular ideolo!ies

7ll ma;or historical chan!es are roduced #y chan!es inforces of roduction

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$aitalism in the =>st$entury

%homas (ikettys ma!num ous Shar increase in income ine4ualities over the last =? years

7 fundamental con@ict #etween free markets and democracy%he #ottom ABC of the US oulation has only ?C of the wealth

%he to ?C has = C

)hy is it soE r !

"uroe u until the rst world war is a icture of 8atrimonial ca

From >A to =B>H0 the !lo#al rate of return on the wealth owneavera!e adult was ='> er cent

Durin! that same eriod0 the rate of return on wealth owned #y avera!e #illionaire was more than I'? er cent'

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Jeoli#eralism

$ritics claim there is a #asic hyocrisy in the ecoolicy of )estern !overnments

Devastatin! results of exeriment of the ast HB