Capitalism at a Dead End: Job Destruction, Overproduction and Crisis in the High-Tech Era - Softcover

Goldstein, Fred

3.67

12 ratings by Goodreads

9780895671752: Capitalism at a Dead End: Job Destruction, Overproduction and Crisis in the High-Tech Era

Softcover

ISBN 10: 0895671751 ISBN 13: 9780895671752

Publisher: World View Forum, 2012

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Explaining how the recent U.S. economic crisis, which quickly spread around the world, marked a turning point in the history of capitalism, this book contends that the system will not bounce back and will not return to the normal capitalist boom-and-bust cycle. Using youth unemployment as a key measure of stagnation of a system in decline, as well as Marxist analytical tools, it shows how global capitalism has reached a tipping point. Other featured examples demonstrate how capitalism is not only wrecking the environment, but has outgrown the planet and threatens its very existence, nearing a resurgence of global class struggle at levels not seen since the 1930s.

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About the Author:

Fred Goldstein is a contributing editor for Workers World and the author of Low Wage Capitalism. He lives in New York City.

Review:

“Lucid, deeply accurate and informative, as relevant and useful as a book can be, Goldstein offers a compelling analysis of the exploitative world of global corporate capitalism.” —Michael Parenti, author, Contrary Notions

“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.” —Abayomi Azikiwe, editor, Pan-African News Wire

“Only by understanding capitalism and monopoly capitalism can we understand the root causes of global poverty and migration.” —Berna Ellorin, secretary-general, BAYAN USA

“This is essential reading for anyone wishing to understand the true nature of the world we live in and the factors that have led to so much turmoil. Even the most knowledgeable will find much to learn from in this compelling and revelatory analysis of predatory corporate capitalism, and find it a source to return to again and again.” —Greg Elich, author, Strange Liberators

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