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

Author

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  • Don Goldstein

    (Department of Economics, Allegheny College, Meadville, PA 16335, dgoldste@allegheny.edu)

Abstract

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.

Suggested Citation

  • Don Goldstein, 2009. "Weirton Revisited: Finance, the Working Class, and Rustbelt Steel Restructuring," Review of Radical Political Economics, Union for Radical Political Economics, vol. 41(3), pages 352-357, September.
    • Handle: RePEc:sae:reorpe:v:41:y:2009:i:3:p:352-357
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    Cited by:

    1. Alan Walks, 2014. "From Financialization to Sociospatial Polarization of the City? Evidence from Canada," Economic Geography, Clark University, vol. 90(1), pages 33-66, January.

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