Archive - Jul 2003 - Dominion Article

NZZ: Mr. Todd, you write that America is economically, militarily, and ideologically too weak to actually control the world. This would gladden many anti-Americans. But how is this anything but the wishful thinking of an intellectual who is the product of the French US critical tradition?

ET: This is neither wishful thinking nor anti-Americanism. Why would I have been so prominently criticised by the left? The French career anti-American paper "Le Monde diplomatique", was the only major paper that remained conspicuously silent on my book. The over-estimation of America is fundamental to these people. It is on this topic that they agree with the American ultra-conservatives: the former to demonize, the latter to aggrandize. - by Martin A. Senn and Felix Lautenschlager -

At its core, Thom Workman's thesis is simple: labour is a major cost for businesses of all kinds, and thus an impediment to profits. As such, "transnational capital" seeks constantly to lower the cost of labour; when they do this by breaking down "trade barriers" to gain access to cheap labour or invoke international competitiveness to roll back wages, the process is called globalization. In Social Torment, Thom Workman starts by outlining the history of this shift from the "class compromise" of the twentieth century to the newly invigorated attacks on unions and the working class. And then he does something interesting; rather than spinning together a series of anecdotes to support his case, Workman looks at the numbers.