Capitalism, Globalization, and Epochal Shifts: An Exchange

Abstract

Ellen Meiksins Wood wants to know what is epochal about the shift in capitalism wrought by the new technologies (Monthly Review July/August 1996). Capitalism, she maintains, is still capitalism and is still bent on "extracting more value from labor"—only now, "the logic of the old mass production economy" can be "diversified and extended," reaching "whole new sectors" and affecting "types of workers more or less untouched before."

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