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Víctor Isidro Luna

USA: Changes in the Financial System and Workers’ situation


by Víctor Isidro Luna

29 July 2009

The current economic crisis has shown the collapse of the financial sector and the bad conditions of life that workers have undergone from 1970s onwards. The economic crisis in the 1970s due to the fall down of the rate profit brought twofold things: 1) the stagnation of productive sector and a shift to search an easier profit in the financial sector, 2) the search for getting a profit for exploiting to the workers more. This paper is dedicated to review these two things. First, we encompass the changes in the financial regulation from SSW until today, and after we discuss how have been the conditions of life of the workers from SSW onwards.

(PDF) 46.6 kb


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