Reviews

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--

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--

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--