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6 years, 1 month ago

technological changes alter fundamental social trends

[...] The Congressional Office of Technology Assessment report confirmed it: "Jobs in computer and semiconductor manufacturing are unlikely to rescue many workers from traditional manufacturing jobs because employment in these industries is small." And of course, the total number of jobs in compute…

—p.xxxv High Tech, Low Pay: a Marxist Analysis of the Changing Character of the Working Class Foreword (xxxiii) by Sam Marcy
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6 years, 1 month ago

the outcome of the scientific-technological revolution

This is a social trend wholly unanticipated by those who had expected the great advances and discoveries in science and technology to have brought about "upward mobility." This is what was looked for from the scientific and technological revolution. Instead, all of the studies disclose a clear tren…

—p.xxxiv Foreword (xxxiii) by Sam Marcy
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6 years, 1 month ago

the disintegrating forces exerted upon the workers

Many are promoting the notion that crisis automatically leads to uprisings and the collapse of capitalism. This is sterile, abstract thinking, far removed from the reality of the working class. It fails to take into account the disintegrating forces exerted upon the workers by a capitalist crisis o…

—p.xxxi Introduction (v) by Fred Goldstein
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6 years, 1 month ago

huge injections of credit were required

Globalized production has now brought a worldwide epidemic of layoffs and mass unemployment.

Militarism, technological development, and anti-labor attacks were not enough to save the banks and corporations. Huge injections of credit were required. The ruling class resorted to speculation, credit…

—p.xxviii Introduction (v) by Fred Goldstein
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6 years, 1 month ago

the strangehold of private property

[...] sooner or later, capitalist property relations become a "fetter," a brake on further development of the productive forces. Society cannot move forward any longer because of the strangehold of private property. Revolution then ensues. The clash between socialized production and private ownersh…

—p.xxiv Introduction (v) by Fred Goldstein