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9.2.0.
Glorious Years in the Global North
: Intro Video
There was not that much ground for optimism in
1945:
•
The greater totalitarianism had been squashed.
•
The lesser was flourishing.
•
Market economies continued to fail to deliver Polanyian rights.
•
Their ability to even deliver economic growth at all had been cast
in the grave doubt by the Great Depression.
•
As for democratic parliamentary politics—it could still be easily
dismissed as a swamp that needed to be drained.
•
Yet 1940-1980 saw
:
•
T
he victory and secure establishment of the market-heavy
mixed economy as an engine for delivering unprecedented
economic growth in the global north.
•
T
he overwhelming victory of parliamentary democracy as a
system that could generate good economic management and
also increasing human freedom.
•
T
he world system deliver independence and somewhat
increasing prosperity, if neither democracy nor economic
convergence, to the global south.
<
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https://github.com/braddelong/public-fi les/blob/master/econ-115-module9-intro-video-2.0-11.00.pptx
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> 1268 words; 11:00 minutes