power, money and trade chapter1

power, money and trade chapter1 - Realisms challenges...

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Realism’s challenges Hedley Bull: International system .- States see themselves bound by a common set of rules governing their relations. Classical Marxism was developed to explain local political economy. States were not considered the most important actors At the domestic level, Marxism’s main critique is that it creates classes. Two variants of Marxism have mainly been used in international relations: instrumental Marxism (which evolved into structural Marxism) and world systems approach. Instrumental Marxism: o Late 19 th century to explain imperialism. o States acts in the interest of their capitalist class. o Competition among states = capitalists against capitalists from other countries. o This version was made prominent by Lenin. o Problems with this version: States began to execute policies against the best interest of their own capitalists (ie. Taxes, welfare policies, wars with little payoff like the one in Vietnam). This version then gave rise to structural Marxism. o
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power, money and trade chapter1 - Realisms challenges...

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