Bookmarker is a personal project by @dellsystem to help with retaining reading material. Source on GitHub.

The "golden chains" Marx referred to are not so golden anymore. Marx spoke of workers getting higher wages during a boom while the capitalist got even higher profits [...] these conditions no longer obtain.

For the last several decades, with a slight exception in the mid 1990s, workers' real wages have gone down or stagnated even during the periods of expanded capitalist accumulation - during upturns. Because of off-shoring, outsourcing and wage competition with workers in low-wage areas, workers in the United States went into massive personal debt and worked extra jobs; whole families worker just to compensate for the wage decline. [...]

really weird to think that this could just happen

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