Transnational corporations have used their market and political
power in the U.S., the European Union and Japan to expand global
production on terms that are highly favorable to corporate
interests. Through a detailed history of the establishment of
global value chains, Ronald W. Cox examines how corporations have
internationalized production by working directly with political
elites to establish terms of investment and trade that facilitate
working class exploitation. He also examines the political
implications of the growing gap between the global rich and the
working class, including the increasing illegitimacy of
corporate-backed governments in the United States and the European
Union. The author concludes the book with suggestions for how the
global working class can fight for their own interests in the
context of the rising threats of far-right extremism and
neo-fascist political movements.
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