3min chapter

The Lincoln Project cover image

The Rise and Fall of the Neoliberal Order with Gary Gerstle

The Lincoln Project

CHAPTER

Capitalism Goes Global

With the elimination of communism, capitalism has the whole world at its doorstep. This fires the imagination of capitalists. The communists are gone. They no longer have to worry about totalitarianism. And so the inclination to compromise with organized labor vaporizes. By two thousand the percentage of workers in the private sector organized into unions is down into the single digits. It reached a natur i thought it would never return.

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