Labor Movements: Is There Hope?
AbstractFor the past thirty years, the class struggle has been a pretty one-sided affair, with capital delivering a severe beating to labor around the globe. When economic stagnation struck most of the world's advanced capitalist economies, beginning in the mid-1970s, capital went on the offensive, quickly understanding that the best way to maintain and increase profit margins in a period of slow and sporadic economic growth was to cut labor costs. Governments and global lending agencies such as the World Bank and International Monetary Fund began to implement policies that made workers increasingly insecure
This article can also be found at the Monthly Review website, where most recent articles are published in full.
Click here to purchase a PDF version of this article at the Monthly Review website.
Review of the Month
Please see here for reprint requests.