Marxism and Dependency Theory

This lecture delves into the socioeconomic analysis of history according to Marxism, emphasizing class struggle and exploitation in the transition to communism. It explores how Marx supported free trade to accelerate the revolution and Lenin's view on imperialism as the last stage of capitalism. The lecture also covers Dependency Theory, which highlights how colonialism and globalisation have impoverished poor nations. Additionally, it discusses Polanyi's critique of capitalism and the market economy's impact on society, shedding light on the social implications of market-ability of productive factors. The presentation concludes with an analysis of different perspectives on globalisation theories, contrasting idealist and materialist accounts, and exploring the role of mental forces and socio-psychological interactions in shaping globalisation.