Overview of Module 1: Historic Sites and the State
This module introduces the concept of the state by situating it within historical and geographical contexts, particularly focusing on the Caribbean scenario. It emphasizes understanding the state's lineage, origins, and its role as a spatial and social fix where life is organized and reproduced.
Defining the State and Its Functions
- The state is described as a spatial and social arena where laws are made, order is maintained, and wealth is produced and accumulated.
- It functions as a theater of accumulation involving entrepreneurs, consumers, and citizens pursuing economic efficiency, justice, and fairness.
Theoretical Perspectives on the Role of the State
Adam Smith’s Liberal View
- The state acts as a "night watchman," maintaining infrastructure, law, and market order with a minimalist role in the economy. For a deeper understanding of Smith's ideas, see Classical Economics Insights: Adam Smith's Labor Division, Value Theory, and Ricardo's Distribution Views.
- It regulates and enforces contracts, allowing natural human inclinations for trade and exchange.
Karl Marx’s Critique
- Questions whose interests the state serves, emphasizing the capitalist class or bourgeoisie who own the means of production. To explore Marx's perspective further, refer to Understanding Historical Materialism: A Scientific Approach to Society.
- Advocates for the state to protect vulnerable groups and ensure fair wealth distribution, promoting greater freedoms.
Neoliberal and Developmentalist Views
- Neoliberals see the state as a facilitator of business, investment, and financial order beyond traditional regulatory roles.
- Developmentalists argue the state should discipline capital to diversify and grow productive sectors, linking politics, economics, and institutions for national development. For insights on how these theories apply in practice, check out Understanding the Global Economy: Insights from Leading Economists.
State Posture and Political Economy
- The module highlights debates on the state's role in capitalist development versus equitable wealth redistribution.
- It stresses the importance of understanding the interplay between entrepreneurial elites, vulnerable populations, and state protections.
Globalization and State Governance
- The course situates state governance within global governance frameworks, including obligations to international organizations like the IMF.
- It critically examines power relations at both national and global levels, focusing on justice claims and coercive influences on state autonomy.
Capital and the State in a Globalized World
- Capital is described as "footloose," moving across borders but requiring social and state structures to reproduce wealth.
- Understanding the internationalization of capital and how states navigate globalization is key to grasping modern political economy. For a broader context, see Understanding Classical Theory of Employment in Economics.
Key Takeaways
- Studying the state is essential to understanding political economy and development.
- The state’s role varies from minimalist regulation to active economic development and social protection.
- Globalization complicates state sovereignty and requires analysis of international power dynamics.
This module encourages critical engagement with readings and discussions to answer why the study of the state remains vital in contemporary global and economic contexts.
welcome we are looking at module 1 historic sites in the state and you will notice in your course outline and in the
documents before you including the podcasts and so on that you would review you would notice as we go through the
course the questions estate emerges as a question as a topic of enduring importance so in this particular module
we'll be talking about historic sites in the state we wanted locate it within the long run history so that understanding
the state we want to understand market lineage we want to understand the origins or and the reproducibility of
the state in our context return about the carribean scenario carbon system systems come in states if you're further
feel we're talking about a state where you are normally you will find that these states tend to take on and so on
geographical characters in the sense that time the culture of that geographical space attends to the state
that you are in or the country that you are in but for the purposes of conceptualizing the state we want to be
able to do a few things right so it's critical that we look at the question of the state in terms of where life is
fashion so we want to understand that the state is the spatial face it's a spiritual fix where life is
fashion well ladies are produce and reproduce where there is considerable attention on the part of authorities and
keeping order where there is in that settle space state space laws are made we want to understand also how wealth is
produced and accumulated so in that spiritual fix in that produced geography we have a culture around how people
reproduced in their lives and the role that institutions play in that context also we all we want to treat the state
as really shock in a theatre of accumulation and by that what I mean as a theater of accumulation
we are featuring the role that entrepreneurs would play in the pursuit of their own interests we are featuring
the role that consumers will play in the pursuit for greater efficiency in the production of goods and the supplier of
such goods and we are also featuring the role that citizens will play in the pursuit of justice in the pursuit of
equality fairness and so on so we come down to a question when we are looking at the state we look at we come to the
question of what is the what ought to be the role of the state and in understanding what is the role of the
state we really are discussing state posture a about States posture it's important to consider the perspectives
that are given to you and I can assure you that there tool as it were founding fathers in relation to understanding the
posture of the state of what ought to be the role of the state and we are talking about Adam Smith and we're talking about
Karl Marx of course we are drawing from their cosmovision I'm not necessarily oh
strictly from a particular body of work upon particular texts but their Smithee ins and your mark scenes and scholars
working within the Adam Smith liberal conception of society and market economy have a particular view about the role of
the state where that state plays I saw the night watchman role a minimalist rule its role is to maintain
infrastructure maintain law and order establish rules governing market behavior and and as such it plays a
minimalist role in the economy it recognizes that people are born with natural inclinations to truck trade
barter and to engage in exchange relations so the state just plays the role of regulating order along those
lines at and force to enforce contra we also recognize that's my dodgy ringtone that
the state also plays a role in the reproduce reproduction of society and the economy in the liberal conception in
the Marxian conception the question asks about the rollers there is - whom - well really whose interest is being
served.the the question is for mark scenes is this as the rules state that - on behalf of the capitalist class or
those that own the wealth and the the means of production is it the state is ruling at their behest or you know is it
that the state is supposed to court as part of the framing of the national interest their interests so Marxist ask
critical questions from the perspective of those that do not have the wealth or the social positioning in society to be
counted as part of the ruling alliance or part of the bourgeois forces and bourgeoisie of course referring to those
class groups those class of those classes or groups that only means of production and in their conception a
Marxist conception the role of state therefore should be that to provide a protective response to protect the
vulnerable and to ensure a fair distribution of the country's wealth and so for them the ideal role of the state
is to play that role in the promotion of greater freedoms now there are whole set of developmentally scholars however who
are neither strictly liberal liberal in the smithy insane Australian Marx in a radical or structures in the Marxist
sense and they have competing conceptions - about the role of the state for them for those that are
for lack of a better term promoters of free trade are free enterprise we may call them near liberals they are less
about what Smith has to say in relation to rules and so on as much as they're to say that the state should play a role in
facilitating business and investment besides the traditional rules of lying my Smith and others the state for many
new liberals is to promote market order financial order and to promote financial enhancement and a business enhancement
and that ought to be the role of the state for those that we may call developmental thinkers developmentalist
they're arguing that the role of the state should be to in shaping the political economy development should be
about ensuring that the state is disciplining capital or stirring capital in the direction of extending and
growing the diversification of the economy in developing the productive sectors and potentials of that the
economy and so on by political economy development therefore we are really talking about the interplay between
politics economics and institutions in the pursuit of national development and national development as it was pointed
out earlier is something subject to contentious discussion national development in the interests of the
promotion of capitalist development some will argue and that must mean paying attention to the role of the
entrepreneurial elite or Nash's development in the sense of growing the economy for the purposes of readership
redistribution of the world in an etiquette of equitable kind of way so we can see that this is a sort of
socialistic leaning and not necessarily of the classical Marxist sense but in the sense of creating that just society
where entrepreneurs can make money and the vulnerable groups can see through the
stay a protective response so and all of that we're talking about state posture now of course the course is located
within an understanding of globalization so we need to look at not just governance and the administration of
things at the local level we also need to look at governance and the administrative administration of things
at the global level so I hate the term global governance and we are rather states have obligatory processes as
members of international organizations that you aim as contributors to the IMF and so on they have obligatory processes
so quite often you see states are forced to or cajole into complain with international norms as part of your
obligatory press a part of your obligations as a member and you also have to adopt certain global standards
so we steer or critical lens in this course in the direction to of looking at relations of power at the global level
so we are dealt with relations of power at the national level where we are concerning the state because you want to
understand what is the role of capital what is the role of the political class was the role of ruling elite or is the
role of the working majority hard the questions of the reproduction of wealth settle are the questions of a fair
distribution of that wealth settled at the global level we want to look at the estate to which these global governance
regimes remain open to justice claims the extent to which there may be an exercise of coercive power on the
autonomy of states on what states do so all these things constitutes the politics and the interplay of relations
of power that you will be examining throughout this course so enjoy the readings follow through
with the discussions about the political economy of development seek to be able to answer
any exam question that asks you why study the state I why should we study this in relation or in reference to the
political economy of development understand these things and then you'll be able to understand and capture not
only the role of nation-states in today's globalization but the role that capital plays in moving in and out of
these nation states because you know capital is a spatial we talk about spatial fix when we talk about states
but capital does not really a capital does not stay still it moves around its Footloose of course capital requires a
social piece and camber the nation states in order to reproduce its own wealth and and so on but basically we
are talking about the internationalization capital are we trying to understand States as they
navigate globalization thank you
Heads up!
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