Weirton Revisited: Finance, the Working Class, and Rustbelt Steel Restructuring

Don Goldstein
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Don Goldstein: Department of Economics, Allegheny College, Meadville, PA 16335, dgoldste@allegheny.edu

Review of Radical Political Economics, 2009, vol. 41, issue 3, 352-357

Abstract: 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.

Keywords: corporate restructuring; deindustrialization; financialization (search for similar items in EconPapers)
Date: 2009
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Persistent link: https://EconPapers.repec.org/RePEc:sae:reorpe:v:41:y:2009:i:3:p:352-357

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