By Henry Veltmeyer
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Additional info for The Cuban Revolution as Socialist Human Development
In some respects, Saint-Simon anticipated the development of state capitalism. He looked forward to a capitalist system in which industry would be owned and directed by a government made up of scientists, managers and financiers. The ‘socialism’ of Charles Fourier, a self-taught eccentric, had more to commend it but suffered from two main defects. First, he dismissed the potential of modern industry for bringing into being a society of abundance and looked nostalgically for a return to preindustrial conditions of life.
6 Capitalism and Development as Economic Growth: Keeping the Post-Colonial State in Line The world order established at Bretton Woods, together with the United Nations system of international organizations and agreements, formed the institutional framework for a new phase of capitalist development—two decades of system-wide rapid economic growth described by some historians as the ‘golden age of capitalism’ (Marglin and Schor, 1990), and by others as Pax Americana or the American Empire. The fundamental agency of this ‘development’ no matter how understood was the State, assigned by a new generation of liberal (and some radical) economists and social scientists, and policymakers responsibility for ‘welfare’ and a process of ‘nation-building and economic development’—and, in the economically backward areas of societies emerging from colonial rule (in which market institutions and the capitalist class were weak or non-existsent)—the ‘function of capital’, namely productive investment, entrepreneurship, enterprise management, and marketing.
Freedom is another essential component of human development, particularly as regards the expansion of choices available to individuals in taking advantage of their opportunities and capabilities (Sen, 1999). Also fundamental to the Human Development approach is a concern for integrated development—a combination of economic and social development, the economic understood primarily in terms of increasing per capita incomes as a means of improving the physical quality of life, the social as education and health.