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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