Reviews

Fred Goldstein's book went to press in the autumn of 2009 just as the full extent of the crisis in capitalism was becoming manifest to all. Since that time a spate of articles and books have appeared, attempting to explicate the processes that led to the economic slump. Yet few have done so from an explicitly Marxist perspective. Low-Wage Capitalism does more than merely fill that gap, it provides a deeply considered analysis written with verve and clarity.
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An interesting book that discusses the plight of the working class is Fred Goldstein's "Low-Wage Capitalism: What the new globalized, high-tech imperialism means for the class struggle in the U.S."
Low-Wage Capitalism is based on Marxist concepts to show how the global restructuring of capitalism is providing a basis for social upheaval among the U.S. working class. --read more--

Goldstein’s well-researched work offers a clear understanding of what has lately counterpunched capitalism, leaving it sprawled on the mat. Much of the current pain we are all feeling, according to Goldstein, is related to three major shifts in the last twenty years: the collapse of Communism, the free hand of corporations and the lack of leadership and focus among workers. --read more--

With the corporate capitalist economy falling apart as it is, some people are looking at socialism with a less jaundiced eye. Of course, there are some people for whom socialism was never the spawn of Satan that banksters and other corporate cutthroats and their political minions would have us believe. One of these people is Marxist author Fred Goldstein, who was inspired as a college student to become a Marxist by the Cuban revolution. Goldstein, a contributing editor to Workers' World newspaper, has demonstrated, in the book Low-Wage Capitalism, that Marxist economic theory is alive and well in the post-Soviet era. In fact, Marxist theory provides an excellent analytical tool for explaining the failures of globalized capitalism to provide a decent way of life for the world's people. --read more--

This is a must-read book for those seeking answers to the current crisis in world capitalism. With the economic meltdown of 2008, the very future of the system of international finance capital has been thrown into question. --read more--