Self-determination (the race to the bottom)

Grant Lee grantlee at iinet.net.au
Wed Jan 8 05:05:04 PST 2003


It seems to me that in societies which are already close to the "bottom", globalisation is more like an "upward drift". Of course this phenomenon is usually self-negating: workers realise their bargaining power, wages and conditions improve, capital flees and the cycle begins again, somewhere else. But in the very long run there are only so many lines of flight...



More information about the lbo-talk mailing list