Midterm 1 Flashcards
(74 cards)
Is Marxism dead?
Yes, but it still offers the best critique of capitalism out there
What do Marxists believe foreign policy is driven by?
Corporate interests
What puzzles do Marxists claim to solve?
- What explains the inequitable distribution of wealth and why is nothing being done about it?
- War advances whose interests?
- Why does the US spend so much on defense?
What group of people owns almost half of US wealth?
The top quintile
Where are wealth gains going?
To the top 1%
Whose policies ended the postwar “equality” era?
Ronald Reagan in the United States and Margaret Thatcher in the United Kingdom
Is inequality reduced after taxes?
Not much
What economic class is most likely to die in war?
The poor and less educated
How much more does the US spend on their military than the next biggest country?
Twice the amount
What about Karl Marx’s upbringing influenced his view of capitalism?
He grew up at a time capitalism was at its worst, with brutal, inhumane conditions for workers
What are the key points of Marx’s Theory of Knowledge?
All knowledge comes from experience, no a priori ideas and different classes will have different ideas on how to organize and govern the economy
What happens when there is conflict, according to Marx?
Conflict leads to a bargain being reached, leading to new conflict, leading to a new bargain being reached, and so on forever and ever. This is the progression of history
What is historical materialism?
Material conditions, not ideology, drive history and political change
What are the stages of history, according to Marx?
Slavery, feudalism, capitalism, socialism, and communism
According to Marx, which is the only stage of history that does not include conflict?
Communism, he believed that without class divides, there would be nothing to fight about
What is Marx’s Theory of Capitalism?
Every economic system contains the seeds of its destruction
What does capitalism lead to?
Higher inequality, squeezing down of the middle class, and the growth of business
What happened in Europe that led to a wave of socialism and racism?
Inequality, with the rich getting richer, and the poor getting poorer and more numerous.
Who was Lenin?
Lenin was a political leader is Soviet Russia, who had his own theories and ideas about communism.
What did Lenin do to Marx’s theories?
He gave them a foreign policy, and extended his ideas to imperialism
What does Lenin say about how foreign policy is determined?
Corporate interests determine political interests which determines foreign policy
Why did Lenin think imperialism occurred?
Corporations needed materials and markets in underdeveloped countries.
What are the three categories of countries?
Core, semi-periphery, and periphery
Why is successful development of periphery countries rare, according to Marx?
Exploitation