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Globalization and the Great Exhibition: The Victorian New by Paul Young

By Paul Young

This publication examines the nice Exhibition as a decisive second within the formation of a capitalist global photograph. In so doing it foregrounds a imaginative and prescient of peace and development which took carry of British society, in the Crystal Palace and past. It emphasizes too that this Victorian figuring out of worldwide order legitimized imperial ambition.

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But he is equally insistent that man is an economic animal. And for Fukuyama capitalism represents the optimal method of socioeconomic organization, producing “unprecedented levels of material prosperity” throughout the world as a result of humankind’s universal desire – and therefore right – to compete freely according to the principles of comparative advantage (xiii). Democracy provides necessary humanist checks and balances, but capitalism makes the world go round. In contrast with Fukuyama’s analysis, the Great Exhibition’s end of History offered a global utopia fashioned through free-market economics alone.

51 Second, the mechanics of this village were understood in accordance with a model that saw Homo economicus invoked metaphorically to represent the nation-state. ”52 Taken together, these The Great Family of Man 37 two points opened up the prospect of an international community without necessarily factoring in those geo-historical issues concerning stadial development that were also raised by political economists, and that could be understood to limit free trade’s arena. Illustrating Searle’s point that not everyone was convinced by this understanding of things, Friedrich List’s Outlines of American Political Economy perfectly encapsulated his discipline’s expansive, totalizing tendency, even as it poured scorn upon it.

As a result of natural advantages and/or the development of particular industrial skills, the argument ran, different nations were better suited to fulfil different industrial roles. To open up domestic markets to foreign goods would allow for nations to capitalize upon this fact, rationalizing their economic activity via international divisions of labour, and thereby realizing that global markets could be understood in terms of mutual benefits not unilateral gains. Smith’s celebrated status as the father of free trade simplifies and distorts the range and complexity of his writing, as well as its relationship with other works of political economy.

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