Dependency Theory & the Decolonization of Economics

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Dependency Theory & the Decolonization of Economics

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Күн бұрын

Ingrid Harvold Kvangraven (‪@kingscollegelondon‬) digs into the Eurocentric nature of economics and the role dependency theory could play in decolonizing it.
Learn more about her work at ingridhk.com/

Пікірлер: 68

@yaseral-saffar7695 Жыл бұрын

Debt, to me, seems to be the main conduit (along with not having a strong sovereign currency) for dependency and power inequality. But the geopolitical reasoning behind Korea developing was also very interesting. Great direction for economics to explore.

@ulpana 11 ай бұрын

@@frankleedontcare7864 Yes, but only one of many interesting ways that the center maintains the inequities of uneven accumulation and development. Life is so darned roomy, that not only humanity's last bastion of open and valued analysis via dialectics and so-called (without a hint of U.S. Cold War Czar of Propaganda Milton Friedman-esque irony) Free Marketplaces of Ideas that Yanis Varoufakis could present this easy to follow unpacking of the Academy's own charades as part of a new curriculum for fostering the study of Economic Pluralism to replace the Static Central Doctrine while here in the United States of Amnesia, kudos to Gore Vidal for that felicitous phrase, in our own exceptional stasis of stratification into extremes of wealth and illth: kzfaq.info/get/bejne/b8d7Z7Kr2dvJpXk.html Yanis Varoufakis: From an Economics without Capitalism to Markets without Capitalism | DiEM25 DiEM25 122K subscribers 599,552 views Jan 26, 2021 "A lecture organised by University of Tübingen economics students, delivered on Monday February 3, 2020, on the theme "From an Economics without Capitalism to Markets without Capitalism". "Mainstream economic models lack some important features of really-existing capitalism, including money, time and space. Its models offer ideological cover for a capitalist system that has usurped competitive, free markets. "The result? Unbearable inequality, climate catastrophe and permanent stagnation. A fork on the road is approaching: It will take us either into deeper stagnation and environmental degradation or to a society with markets but no capitalism. Prof. Yanis Varoufakis talks about the future of our economy and the current state of economics with special regard to pluralism in economics." Keep on challenging @frankleedontcare7864! Warmly and appreciatively, Mitch Ritter\Paradigm Sifters, Code Shifters, PsalmSong Chasers Lay-Low Studios, Ore-Wa (Refuge of Atonement Seekers) Media Discussion List\LookseeInnerEarsHearHere

@boxdynomite3 Жыл бұрын

Very good point that colonialization extracted resources rather than created industry. When they leave, the colonizers keep the manufacturing capital but the decolonized cant do more than extract cheap raw materials. I'm reminded of a documentary I watched on vanilla beans in Madagascar and how they sell their crops for pennies while their buyers turn it into lucrative vanilla products. Giving the formerly exploited the manufacturing capacity to compete with established powers would shake up world trade but corporations don't want that kind of competition. And very interesting talk about how Japanese colonization of Korea integrated Koreans into business positions rather than solely enslaving them. I want to read more about that because that's something I've seldom heard colonizers do and I don't know much about Korea's economic boom that led them to where they are today.

@yabannamba7678 Жыл бұрын

Thats because they are not smart

@emmanuelameyaw9735 11 ай бұрын

What do you expect? Like vanilla consumers in Italy or UK should close their vanilla plants...ship the plant to Madagascar, make the vanilla in Madagascar, pay export taxes and ship the vanilla to Italy or UK to consume it? Everything is about demand. The industry will be where the demand is...espcially about food items.

@phillipalexander928 Жыл бұрын

As a South African Economics student, this theory so perfectly explains to me; what we are currently experiencing vis a vis BRICS & AGOA and the future of our economy. Great work!!!

@Zivikele-Mzobe 10 ай бұрын

Care to expand on that link?

@khalidcabrero6204 Жыл бұрын

An important topic. Put in a very clear and informative way. However, I am not optimistic that mainstream economists will be welcoming of it.

@EndoftheBlock7224 Жыл бұрын

Did you really just say in a '...clear and informative way'? She was definitely not clear as she could be. It's just Marxism repackaged

@itchymagnets 6 ай бұрын

Dependency theory has been in discussions for decades, mainstream economists are either unaware of the theory or choose to ignore it

@user-ur3mh3wt2h Жыл бұрын

This is a really important conversation!

@tonysoviet3692 Жыл бұрын

I'd love to see her discussion with Acemoglu since Why Nations Fail changed development economics forever. It's not that leaders in developing countries are ignorant or "adhere" to Eurocentric economics, they know all too well the exploitation and perversive nature of the system, but they benefit greatly from its extractive institutions, so why would they need to, or even want to change?

@emmanuelameyaw9735 11 ай бұрын

What is exploitation? Buying cocoa, gold and coffee from Africa? Or buying raw cotton from US? Or buying coal from Australia?

@KozyTapes Жыл бұрын

Shoutout to Raul Prebisch for triggering this theorization. However, part of the reason it hasn't been widely adopted in mainstream economics is due to the complexity of proving it empirically. Other schools of thought don't rely as heavily on empirical research and are more progressive in their theoretically derived understanding of the matter. Additionally, I do agree that there is a political agenda involved in removing this theory from the general discourse due to the fact that has neo-marxist undertones.

@EndoftheBlock7224 Жыл бұрын

Please take into account that Marxism is simply a controlled economy, all the rest is a waste of time to explain. Just say this is a controlled economy and we plan to use Social Justice to redistribute money and value. If you can't have an honest conversation then you are probably doing something wrong.

@KozyTapes Жыл бұрын

@@EndoftheBlock7224 to diminish Marxism as a mere ideological possession of an economy would not be far off the mark, but, in order to understand how pernicious it may be we have to have reasonable discussion about its implications beyond its results in history. To simply disregard Marx as one of the forefront thinkers in the economic discipline is naive and ignorant. Marx understood the extractive and unevenness of capitalist outcome far before the dependency theorist of modernity.

@Vijay_16 Жыл бұрын

This was actually simple and easy to understand. Thank you for bringing her👍

@zareenwilhelm5811 Жыл бұрын

What is she NOT saying? It’s too loud.

@carlosdelatorre5498 Жыл бұрын

5:15 The experimental approach can be aligned to a historical perspective in economics. For example, see "The Persistent Effects of Peru's Mining Mita"

@theageofgoddess Жыл бұрын

Why does no one take into account the exploitation of the poor, weak, elderly, children, disabled persons??? This goes on everywhere, everyday and nothing changes. It's cheap labor but it's unethical & there are very real consequences to societies that no one seems to care about. We matter too & deserve the same opportunity to life & liberties.

@EndoftheBlock7224 Жыл бұрын

So what, you would rather these people don't have jobs. Are you creating businesses that will employ these people because nothing is stopping you. How about you do that instead of mandating others do something about it.

@ramj0y Жыл бұрын

How did you come to the conclusion that the speaker is not considering the poor, weak, elderly, young, and disabled persons of the global South ?

@tinabraxton4906 Жыл бұрын

That's exactly what she's talking about. A peripheral country is turned into a plantation or a factory. How do you think all those people live in that setting? They are either exploited to the max or simply abandoned.

@anyfriendofkevinbaconisafr177 6 ай бұрын

What about the elderly, poor and disabled people who are scamming others?

@cultphetus Ай бұрын

The most true thing that she said was that dependency theory might be making a comeback, but just not in the field of economics... There's got to be a direct inverse correlation between the number of times you use 'Theory' as a verb, and the amount of math that you'll be doing.

@valerieclaresanders Жыл бұрын

@NewEconomicThinking will you please post the entire live stream at some point? many are often of interest to me but living in a different time zone makes them difficult to catch live.

@AdamKlingenberger Жыл бұрын

The frequent camera angle changes is distracting. Good explanation by Ingrid though, thanks.

@romelmadray6706 Жыл бұрын

I think this interview needs to be more structured, its jumping all over the place. Presentation wise is a real hodge podge to get to the main idea, if there is one.

@nathanngumi8467 Жыл бұрын

Very interesting!

@michaelwilliams-nq6zg Жыл бұрын

I will be reading your work

@HillbillyHippyOG 8 ай бұрын

When we realize that we are ALL equal, and that we all have an equal right to life (and the right to life includes the right to the resources necessary for life) then the smart ones can set about designing a HUMAN-CENTRIC economy. ✌🏼

@paladinsorcerer67 Жыл бұрын

The current system relies on inequality to function. To compete, firms must get the cheapest labor, the cheapest raw materials, and the cheapest manufacturing possible. They claim to be helpless against the invisible hand of a global economy. That all requires exploiting foreign countries. People who callusely interject that capitalism is great and they only care about their family and no one else is the problem. They have been indoctrinated in a system that promotes ignorance about foreign countries. This makes it easy for adherents of the monetary system, the banking system, and the military industrial system, to support global empire when it benefits them. The rich countries are only that way because of exploitation of the poor countries. So telling the poor countries to catch up to the rich ignores the fact that they are not equipped to catch up. They have been manipulated to be servants of the rich. The rich need servants to do all the work. So why would the rich ever support the raising up of the global underclass?

@electricAB 11 ай бұрын

Really, really well said! There is also the same pattern within the rich countries.. With such catch-phases as: they’re poor because they’re lazy; they can’t get ahead because they’re wasting their money … all the while ignoring the power dynamics of society. I’m wondering how much dissent has been avoided in rich countries by the supply of cheap debt? I suspect that not nearly as many ‘latest model phone’ would sell without the easy access to credit. The tension then, between the desire stimulated by advertising and the lack of access would result in ‘the peasants revolting.’ The irony of the debt funnelling even more cash in the direction of those already awash with capital is not lost on me in the least… Again great comment and thanks for sharing..

@redcoltken Жыл бұрын

Kinda did not understand any of this - can someone please explain ?

@EndoftheBlock7224 Жыл бұрын

You're not really supposed to understand. Basically the Socialist and Academics have decided to further the current controlled economic model to be more Universal as the powers that be form a global system.

@emmanuelameyaw9735 11 ай бұрын

Korean businessmen were not incorporated into any industry by anybody. If you say so, give specific example. Japan went to Korea to get resources...not to give them industries. If that was the case, why didn't industrial manufacturing start during korean colonization but after?

@emmanuelameyaw9735 11 ай бұрын

Rich countries didn't become rich because they exported manufactured goods. They made manufactured goods for themselves first and exported the excess they don't need. In the future, the world economy will converge where each country imports the raw materials they don't have and manufacture their own stuff.

@akashks9531 Жыл бұрын

Theotonio de santos

@emmanuelameyaw9735 11 ай бұрын

Goods that global south imports from the north are NOT low value added. Do you live on mars? 99% of stuff in the north can be found in the south too. What does the north produce that you cannlt find in the south? She has never been to the global south then.

@emmanuelameyaw9735 11 ай бұрын

UK became rich because of coal and iron and engineering...not because they imported coffee or cocoa or cotton from other countries. Even before colonization...western countries were richer.

@AdrienLegendre Жыл бұрын

The "historical global approach" is non-scientific, generates one or more economic ideologies, each ideology uncertain and conflicting, leading to unending debate. The "experimental approach" is scientific, generates economic science, a science leading to an increasingly deeper understanding of what is true. The "historical approach" may generate hypotheses, but otherwise seems extremely limited and can give rise to an abundance of speculation.

@harrisjm62 11 ай бұрын

The experimental approach does not necessarily generate any deeper understanding or less debate thanthe historical approach as it is dependant on reductionist assumptions that small-scale experiments are applicable at larger scales. Frequently the experimental approach generalizes small (eurocentric) samples that history or culture show are not universal. While cross-cultural experiments can be done to falsify such generalizations, we lack time machines to conduct experiments within previous historical contexts.

@medicalsupplycenter1079 Жыл бұрын

Useless

@McInerneyEoin Жыл бұрын

I'm not sure I get the point. Economics does understand, it doesn't care. The point of business is to make money. Any organisation that is trying to develop the less well off is not a business it is a charity. You work to benefit your company, not your competition. We are not ignorant. We understand people suffer. It's just not a priority in our lives and we won't allow it to be. I go to work to help the people I love only and it is never going to be more then that.

@suckmyartauds Жыл бұрын

You sound mentally healthy (⁠*⁠﹏⁠*⁠;⁠)

@stevecoley8365 Жыл бұрын

X-Files Metaphysics Lead into gold Tears into roses Weapons into ploughshares Or at least weapons into pianos, paint brushes and joy creating stuff like that. Darkness (business) exists so that stars (light and warmth) have a place to shine in heaven (joy, beauty and harmony). Stars like us don't exist to be sucked out of heaven by a giant black hole in space called "greed" and its ignorance (hate). Also, Love spent billions of years creating this paradise planet lifeboat so that her miraculous works of fine art called "life" have a beautiful place to "be". Good (god) didn't spend so much time creating this paradise planet lifeboat to be depreciated, polluted and destroyed in a brief moment by "bloodthirsty" alien vampires (greed) and their ignorance (hate).

@MrBrindleStyle Жыл бұрын

GO Steve! Not sure what I just read - but it made as much sense - or possibly more sense than the speaker. Dunno whether it is poetry or artificial intelligence. Likewise the speaker and the content creator/ copywriter. Decolonisation is NOT what this video was selling.

@stevecoley8365 Жыл бұрын

@maxwellboyne2770 Working in the dark to suck the "vital forces" (health, wealth, welfare, social security, future and joy) out of humans is what qualifies as "hard work" to the bloodthirsty vampires (greed) that rule US.