Globalization is an issue, the power of capital is the issue

Monthly Review

Volumn 49, Issue 2, 1997, Pages 20-30

  Tabb, William K ^a  

^a NONE

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Indexed keywords

EID: 0345655935     PISSN: 00270520     EISSN: None     Source Type: Journal    
DOI: 10.14452/MR-049-02-1997-06_3     Document Type: Article

References (9)

1. See Paul Hirst and Grahame Thompson, Globalization in Question: The International Economy and the Possibilities of Governance (Cambridge: Polity Press 1996).
2. See Hirst and Thompson p. 68
3. Consider: 20-25 percent of the real wage growth over the last year comes from high technology jobs. Industries such as computers, software, and communication, high tech sales and repair, programming media, information technologies of all sorts are driving the economy. In the past three years the high tech sector contributed 28 percent of the growth in GDP compared to 4 percent for cars and 14 percent for housing. Further the multiplier effects of consumer spending by technical-professional workers dominate whatever growth there is in the rest of the economy. Michael J. Mandel "The New Business Cycle," Business Week, March 31, 1997.
4. See Hirst and Thompson, pp. 9-10
5. Robert Zevin, "Our World Financial Market is More Open? If so, Why and with What Effect?" Tariq Banuri and Juliet B. Schor, ed., Financial Openness and National Autonomy; Opportunity and Constraints (New York: Oxford University Press, 1992) pp. 51-2
6. Actually workers are aware of continued corporate downsizing and continue to be fearful that they will lose their jobs and be forced to take lower paying ones with fewer benefits. Every three months a University of Wisconsin survey asks a random sample of workers: "What do you think is the percentage chance that you will lose your job in the next twelve months?" In the most recent survey the average response was 17.5 percent, up from 16 percent a year ago. Aaron Bernstein "Who Says Job Anxiety is Easing?" Business Week, April 7, 1997 p. 38.
7. Michael J. Mandel "The High-Risk Society," Business Week, October 28, 1996 p. 86.
8. "NAFTA: A New Union-Busting Weapon?" Business Week, January 27, 1997, p. 4.
9. Eric Foner "Plantation Profiteering," The Nation, March 31, 1997 p. 28.