"Low-Wage Capitalism" Author Speaks in San Diego (tags)
Fred Goldstein, contributing editor of the Workers' World newspaper and author of the new book "Low-Wage Capitalism," spoke at the Malcolm X Library April 18 and described the current economic collapse as a classic "crisis of overproduction" in the Marxist sense. Though Wall Street greed and the bursting of the housing bubble played a part, he said, the real cause was the capitalist class's success in driving working people's wages down, not only in the U.S. but worldwide, to the point where workers can no longer afford to consume the products they produce. He called for a mass progressive movement to make explicit economic demands, especially jobs.
India vs China: cheap labor, business chain, finance, capitalist, outsourcing, hightech (tags)
Why can India and China become top business and finance players in a globalized finance, trade, hightech, investment, and politics? Get latest info and analysis from leading experts on the ground.
global competition: India vs China: finance, outsourcing, hightech, politics, trade, jobs (tags)
Which nation is to lead this century, China, India, or America? Why is 21st century could be dominated by Asians or Chinese? What is behind Chinese and Asian strengths in outsourcing, finance, competition, labor, management, investment, consumption, politics, and strategies? Get great new insights and inside stories.
High-Tech Rumsfeld under Fire (tags)
Criticismis spreading in the US media and from two of the most respected republican senators.. Rumsfeld wanted to give the world a lesson in military high-tech: that the US could quickly conquer and rule any country with a few ground troops.. He failed in Iraq.