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The Working Class under Neo-liberalism*
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Dec 12th 2022, Prabhat Patnaik
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A
Neo-liberal regime entails a spontaneous change in the
balance of class power against the working class everywhere.
This happens for a number of reasons. First, since capital
becomes globally mobile while labour is not, such globally
mobile capital gets an opportunity to pit the working
class of one country against that of another.
*
This article was originally published in People's
Democracy on December 11, 2022.
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