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Low-Wage Capitalism: C...
Fred Goldstein
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Low-Wage Capitalism: Colossus with Feet of Clay

4.62 of 5 stars 4.62  ·  rating details  ·  13 ratings  ·  3 reviews
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 ...more
Published November 1st 2008 by Worldview Press
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Low Wage Capitalism gives a clear picture of the material conditions of the working class, of the process of exploitation that shapes their lives, and of the character of their relations to their exploiters. Here too the reader will find, in a form easily grasped, essential insights from Marx on the workings of capital.

Not content to explain how a flawed capitalist system leads us repeatedly to the kind of economic crisis we are suffering at the beginning of the 21st century, the author also h
Tom Michalak
Goldstein provides a Marxist analysis of globalization and highly mechanized modern capitalism and what that means for class struggle in the coming period. He sheds light on the specific aspects of these new phenomena that make this current period different from those before it, as well as how capitalism beginning to sow the seeds of its own undoing by creating a material social basis for an overturning of the system. Highly recommended for anyone trying to get a better picture of the world we c ...more
Feb 17, 2009 Suzynyc is currently reading it
An up-to-date and eminently readable Marxist analysis of the current crisis, how we got here and what we can do about it. A must-read for anyone who is an activist.
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