North Will Rise Again Pensions, Politics and Power in the 1980s

This is an eye-opening look at economic power in America today and the political struggle among the major power blocs — the unions, the corporate/financial community, the northern industrial states, and the sunbelt — to control it. Jeremy Rifkin and Randy Barber provide a completely new approach to solving the growing economic crisis in America and answer the questions millions of Americans, particularly workers in the depressed Northeast, are asking about it. They argue that the economic decline of the industrial North and of organized labor are intertwined, the crux of the problem being the massive migration of capital from North to South and abroad. A substantial part of this capital comes from some $400 billion of employee pension funds: the very money designed to protect the economic security of the workers is being used to destroy it.