“Capitalists in the 1970s realized they no longer needed to pay high wages to American, European and Japanese workers, when they could simply relocate their centers to countries with no wage regulations” -Professor and Economist Richard Wolf
Richard Wolf discusses the history of capitalist resistance from Germany to Greece for KPFK audience members. http://ow.ly/i/8BWOj
Paraphrase of R. Wolff: We had serfs controlled by their feudal land/lords.
We had slaves controlled by their “owners”.
Now we have wage slaves controlled by their employers, who can fire them without cause any time, see ‘At Will Labor force’.