Globalization: The Race to the Bottom
The international economy has been transformed by the growth of transnational corporations. Three hundred of them now own about one-quarter of the productive assets of the world. Of the top 100 economies, 47 are corporations. Businesses lay off workers here and then they subcontract the work to low-wage, non-union Third World countries. A major consequence of the globalization of production is bringing the Third World home.
Recorded at the Community Church of Boston.
Jeremy Brecher is an expert on labor, world trade and economics. He is the author and editor of many books, including the classic Strike! In addition to being an Emmy Award winning screenwriter, he is co-author of Global Village or Global Pillage.