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

Department of Economics, Allegheny College, Meadville, PA 16335, dgoldste{at}allegheny.edu

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.

Key Words: corporate restructuring • deindustrialization • financialization

This version was published on September 1, 2009

Review of Radical Political Economics, Vol. 41, No. 3, 352-357 (2009)
DOI: 10.1177/0486613409336349


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