1/26/11
No crisis ends without leaving a legacy.
2008’s legacy will include new perspectives on the long-standing conflict over the kind of economic system most likely to deliver the greatest benefit. Battle between capitalism and communism maybe over, but market economies come in many variations and competition between them continues. Machiavallian Maintainer
See China as a threat
Wouldn’t address underrepresented issues (Female Economic?) Grotian
Tries to bring China into the fold
Kantian
Looks at the human rights aspect of it
Fighting for justice
Robert Gilpin
Political economy debates shaped by three core belief systems capitalism, socialism, mercantalism Have a bit of each in the US
Mercantalism is More a …show more content…
Social Democrat More a welfare state, extensive programs
In opposition: libertarian minimal state
No paternalism oppose laws that protect people from harming themselves No morals legislation
Now redistribution of income or wealth
Any attempt to bring greater economic equality results in a destruction of free society Consider Holsti and Rosenau’s Three Domestic Belief Systems? Private enterprisers, egalitarians, quality of lifers
Market mechanisms no government involvement, * Ex. pollution will get so bad that people on their own will decide to carpool, private enterprise creates transit Structured options build carpool lanes, not forcing one to use them Biased options Tax incentive or disincentive to do a certain thing For SUVS only, gasoline more expensive to tax vehicle; putting solar panels on roof gives tax deductible Regulations if you drive an SUV, you will be arrested * * Last two are usually in Nordic models
Political culture and dominant belief systems in a …show more content…
Power always wins over ethics
2. Importance of image and integrity—follow rules and expect others—reciprocity 3. Security dilemma and the importance of the system structure/ BOPO “What made war inevitable was the growth of Athenian power and the fear it caused in Sparta Security dilemma arms race
4. Importance of geopolitics—land and sea power
5. Limits of treaties and alliances
6. In BOPO, if one power feels chance for hegemony they will go for change 7. Only the weak resort to moral arguments
8. Great powers pursue only their national interests not abstractions and wishful thinking 9. People cannot restrain their desire for