Weirton Revisited: Finance, the Working Class, and Rustbelt Steel Restructuring
I met Dave Houston while researching an article on the 1983 employee buyout of Weirton Steel. This contact initiated a journey that led me to a PhD in economics and research on financially driven corporate restructuring in an era of troubled capital accumulation. Dave counseled and practiced a clear...
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Veröffentlicht in: | The Review of radical political economics 2009-09, Vol.41 (3), p.352-357 |
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description | I met Dave Houston while researching an article on the 1983 employee buyout of Weirton Steel. This contact initiated a journey that led me to a PhD in economics and research on financially driven corporate restructuring in an era of troubled capital accumulation. Dave counseled and practiced a clear-eyed look at the conditions for “acceptable” surplus value extraction when analyzing viable avenues for worker resistance. With a quarter-century’s hindsight, this paper applies that approach to an assessment of what restructuring has meant for the industrial working class in steel and related sectors. |
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subjects | Accumulation Capital formation Corporate finance Corporations Deindustrialization Economic research Extraction Finance Industrial Workers Labor theory of value Metal Industry Reorganization Resistance Steel industry Structural change U.S.A Working Class |
title | Weirton Revisited: Finance, the Working Class, and Rustbelt Steel Restructuring |
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