Through an examination of current corporate practices, historical evidence, and Marxist theories, this critique reveals the direct correlation between new technologies, globalization, and the dramatic drop in worker wages worldwide and proposes alternatives for dealing with the crisis. The narrative traces the advances in production, communications, and transportation that have enabled transnational companiessuch as Dell Computer, the Big Three” U.S. auto companies, IBM, Liz Claiborne, and Boeingto outsource to many diverse suppliers in numerous countries to make a single product. As a result of this global outsourcing, workers are no longer competing with others within their city, state, or country but with those thousands of miles away and have in essence entered into a worldwide wage competition that consistently lowers the wage floor. Compounding the crippling effects of these practices is the near doubling of the global workforce resulting from the collapse of the USSR and Eastern Europe’s political systems. Using Karl Marx’s law of wages and other findings, the chronicle maintains that these developments will not only continue to drive down wages but lead to a profound revival of working class struggle. This analysis argues that the only way to reverse these trends is to implement various strategies to fight back, especially regarding the labor-community alliance and class-wide strategies for struggle.

Low-Wage Capitalism: Colossus with Feet of Clay

Business & Money

Goldstein, Fred

Economics

World View Forum

Explaining how the recent U.S. economic crisis, which quickly spread around the world, marked a turning point in the history of capitalism, this book contends that the system will not bounce back and will not return to the normal capitalist boom-and-bust cycle. Using youth unemployment as a key measure of stagnation of a system in decline, as well as Marxist analytical tools, it shows how global capitalism has reached a tipping point. Other featured examples demonstrate how capitalism is not only wrecking the environment, but has outgrown the planet and threatens its very existence, nearing a resurgence of global class struggle at levels not seen since the 1930s.

Capitalism at a Dead End: Job Destruction, Overproduction and Crisis in the High-Tech Era

Explaining how the recent U.S. economic crisis, which quickly spread around the world, marked a turning point in the history of capitalism, this book contends that the system will not bounce back and will not return to the normal capitalist boom-and-bust cycle. Using youth unemployment as a key measure of stagnation of a system in decline, as well as Marxist analytical tools, it shows how global capitalism has reached a tipping point. Other featured examples demonstrate how capitalism is not only wrecking the environment, but has outgrown the planet and threatens its very existence, nearing a resurgence of global class struggle at levels not seen since the 1930s. Explicando c#65533;mo la crisis econ#65533;mica americana reciente, la cual se extendi#65533; r#65533;pidamente por todo el mundo, represent#65533; un punto decisivo en la historia del capitalismo, este libro sostiene que el sistema no se recuperar#65533; y no regresar#65533; al ciclo capitalista normal de auge y contracci#65533;n. Usando el desempleo juvenil como una medida clave del estancamiento de un sistema en declive, as#65533; como herramientas anal#65533;ticas marxistas, demuestra c#65533;mo el capitalismo global ha llegado a un momento cr#65533;tico. Otros ejemplos demuestran la manera en la cual el capitalismo no s#65533;lo est#65533; destruyendo el medio ambiente, sino que tambi#65533;n ha agobiado el planeta y amenaza su mera existencia, suscitando un resurgimiento de una lucha global de clases que no se ha visto desde los a#65533;os 30.

El Capitalismo en un Callejon sin Salida: Destruccion de empleo, sobreproduccion y crisis en la era de la alta tecnologia (Spanish Edition)

See the best price to sell, buy, or rent books by Goldstein, Fred. BookScouter helps to compare book prices from 25+ online bookstores and 30+ buyback vendors with a single search.

Books by Goldstein, Fred

See the best price to sell, buy, or rent books by Goldstein, Fred. BookScouter helps to compare book prices from 25+ online bookstores and 30+ buyback vendors with a single search.

Low-Wage Capitalism: Colossus with Feet of Clay

Capitalism at a Dead End: Job Destruction, Overproduction and Crisis in the High-Tech Era

El Capitalismo en un Callejon sin Salida: Destruccion de empleo, sobreproduccion y crisis en la era de la alta tecnologia (Spanish Edition)