financialization
Situating the auto-industry restructuring in the context of multiple intersecting processes — globalization, neoliberalism, and financialization — also highlights the central role of class struggle.
Situating the auto-industry restructuring in the context of multiple intersecting processes — globalization, neoliberalism, and financialization — also highlights the central role of class struggle.
Situating the auto-industry restructuring in the context of multiple intersecting processes — globalization, neoliberalism, and financialization — also highlights the central role of class struggle.
The Left should resist the temptation to pronounce the present morass a foregone conclusion guaranteed by globalization or the internal drives of capitalism or competition.
Looking back at the past seventy years of production, both globally and in the United States, it is clear that the industry is never up nor down for long. Hypercompetitive battles to win customers in America’s “replacement” market and the current dominance of “localized” production models undergird a landscape of perpetual creative destruction.