"The Great Transformation II"

by Rhoda Howard-Hassmann

1. "Capitalism is a necessary though hardly suifficient condition for democracy."

2. Globalism cannot be stopped = the final assault of capitalism ("survival of the meanest")

3. Chinese opted for capitalism in 1979

4. First Great Transformation lasted 200 years

a. Industrial Revolution

b. Exploitation of the lower classes

c. Rise of labor unions

d. Feeding into Marx/Engels

5. Second Great Transformation

Happening NOW

The end of geography

Beneficiary of globalization?

CAPITALISM

6. "Wealthy societies are more likely to protect human rights than poorer societies."

1834 - 1895 = great poverty

--------> Marx/Engels

7. Anti-globalization fights "survival of the meanest"

WTO = World Trade Organization

IMF = International Monetary Fund

8. Spread of property law will help private interests.

9. Michael Freeman: "Capitalism is a necessary prerequisite for democracy" and the only system so far capable of protecting human rights.

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