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.

Labels: low wage capitalism

"160 years after the publication of the Communist Manifesto, Fred Goldstein takes on the challenge of applying Marxist political economy to the burgeoning crisis of capitalist globalization in the 21st century. Not only does he provide a concise analysis of the recent period, but the author is bold enough to advance what could very well be the outlines of a fight back program for workers and the oppressed that will guarantee a socialist future."

Labels: low wage capitalism