Workers Suffer as Wealth Accumulates: Finance as Grift and Other Revelations
- Issue:
- Vol. 78, No. 02 (June 2026)
June 1, 2026
Fred Magdoff presents an incisive, data-driven analysis of the current state of the worker laboring under the domineering system of financialization and, in particular, private equity. In his conclusion, Magdoff asks: "Is there a way out of twenty-first-century 'normal' for labor?" "The key way out," he answers, "is an extraordinary growth of workers' power in order to combat the extraordinary power of capital"—one rooted in fully democratic socialist production and fundamental equality.