Description
Book SynopsisIn this potentially controversial book, Berch Berberoglu argues that the internationalization of U.S. capital via worldwide expansion of U.S. transnational monopolies has led to the decline of the U.S. domestic economy--bringing about class polarization between labor and capital.
Table of ContentsTheories of the world economy and world empire; the postwar rise of the US economy onto the world scene; the internationalization of US capital and the resurgence of global rivalry; economic decline and increading class polarization in the United States; declining living standards of US workers; the response of the US state to the social and economic crisis; labor's response to economic decline and decay; conclusion - which way out of the crisis?.
