Low Wage Capitalism


This book helps us to understand the root of the present neoliberal globalization - a new stage of the international capitalist crisis - especially right after two very important events in the late twentieth century: the scientific-technological revolution in production, communications, and transportation, and the demise of the Soviet Union and Eastern Europe - to which can be added the energy, environment and food crisis with great detrimental repercussions for workers.

Neoliberal globalization which was imposed by U.S. imperialism devastated and dominated Latin American economies forcing millions of workers to emigrate to the U.S. looking for jobs. They found exploitation and humiliation.

- Ignacio Meneses
Co-Chair, US-Cuba Labor Exchange

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Nov 6, 2008