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The Legacy of Empire: Economic Decline and Class Polarization in the United States
The Legacy of Empire Economic Decline and Class Polarization in the United States Author:Berch Berberoglu Berberoglu argues in this controversial volume that the internationalization of U.S. capital via worldwide expansion of U.S. transnational monopolies has led to the decline of the U.S. domestic economy--bringing about class polarization between labor and capital. The process of decline and polarization was accelerated under the Reagan administra... more »tion, when a major transfer of wealth from the working class to the wealthy owners of the transnational corporations ushered in a period of irreversible decline and decay. This incisive volume untangles the complex web of social-economic connections that are, at their base, the manifestations of relations of production, distribution, and exchange.« less