Brecht Forum, Thursday Oct. 29, 7 pm
451 West St., bet. Bethune and Bank St. (11th and 12th St.)
On his new book Low-Wage Capitalism
high-tech globalization ● the world-wide wage competition ● the “jobless recovery” ● the nature of the economic crisis ● why capitalism cannot revive ● the Republic Window and Doors plant occupation ● strategies for a fight back ● the socialist perspective
Low Wage Capitalism Contents Include:
* Section 2: Three decades of getting poorer
* Section 3: Lessons from the past for the future struggle
* see full table of contents here
Softcover: 338 pages
index, bibliography, end notes
Publisher: World View Forum
Available at Leftbooks.com
- The world’s workforce available to exploitation by transnational capitalist corporations doubled in the wake of the collapse of the USSR and Eastern Europe.
- The technological revolutions of the digital age, in both production and communications, have allowed transnational corporations to destroy high-wage jobs and simultaneously expand the global workforce to generate a worldwide wage competition.
- The decline in the economic condition of the workers, driven by the laws of capitalism and the capitalist class, is leading to the end of working-class compromise and retreat and must end up in a profound revival of the struggle against capitalism.
While the book concentrates on changes in the U.S., restructuring is a world phenomenon. Goldstein’s general analysis also applies to the imperialist countries of Western Europe and Japan. The book discusses how:
- Advanced processes of production promoted by the corporate giants in low-wage countries have changed the international division of labor within world capitalism.
- The “national wage” is being supplanted by an international determination of wages as worldwide wage competition lowers the floor.
- Since the late 1970s, the vast majority of U.S. workers have seen a decline in wages and living conditions as permanent, high-paying jobs with benefits disappear.
- The rise of the multi-earner family represents a hidden, class-wide wage cut for U.S. workers.
- Restructuring and technology have especially impacted on African-American workers.
- Women have flooded into the workforce, most at low-wage jobs, in order to survive.
- Increased exploitation of Latin@s and other immigrants is an integral part of globalization.
- Highlights from past struggles provide a guide to future action and organization.
- It takes a broad workers’ movement to fight for the economic and social needs of all.
- Breaking out of the traditional capital-labor relationship is essential to the defense of the multinational working class in the era of low-wage capitalism.
Presented in May 2008 at the international conference in Cuba on “The work of Karl Marx and the Challenges for the 21st Century.” Now expanded into a full book, Fred Goldstein lays a basis for workers to understand and respond to the deep crisis rocking the world economy.