DAYS OF HOPE? CLASS STRUGGLE IN THE 1970s
FILM SCREENING AND DISCUSSION
As the post-war accumulation cycle was coming to an end, capitalist states of the West and the East alike were facing a crisis of stagnation. They responded in the only way they could: by extracting more and more value out of the working class and reducing its share of national product. In practice this meant layoffs, unemployment, deskilling, reduced job security, lower wages and higher prices for basic necessities.