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Tag Archives: Verdery
I found myself particularly interested with Katherine Verdery’s description of consumption. I do not have much previous knowledge about socialism and why it fell. As she begins to explain consumption in socialist context, she refers back to her discussion of … Continue reading
The first difference Vedery notes between socialism and capitalism is the use of centralized planning. In this economic practice, a central planner set a “target” for the amount of goods to be produced by a company and based on that … Continue reading
Author Katherine Verdery explores and defines the sphere of socialism—its theories, its ideologies—as she highlights the converse principles of socialist production and consumption. Socialist production, according to Verdery, takes its roots in “centralized planning”—an ill-thought system of proposing all they … Continue reading
According to Verdery, Socialism had many components and these such components led to the fall of socialism itself. Some of the components of socialism revolve around the concept of centralized planning, competition, seizures of time, and socialist paternalism. These aspects are … Continue reading
Verdery clearly expresses the discrepancies between socialist production and consumption, which help to explain the fall of socialism. Production and consumption have two different focuses that also differ politically in socialism and capitalism. I really liked that Verdery used examples … Continue reading
According to Katherine Verdery’s analysis, capitalism and socialism differ as they have fundamentally different objectives. There is much direct juxtaposition when comparing the two systems. The point of capitalism is to cater to the public, those with purchasing power, producing … Continue reading