Boom, Bust, Exodus cover art

Boom, Bust, Exodus

The Rust Belt, the Maquilas, and a Tale of Two Cities

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Boom, Bust, Exodus

By: Chad Broughton
Narrated by: Stephen McLaughlin
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About this listen

In 2002, the town of Galesburg, a slowly declining Rustbelt city of 33,000 in western Illinois, learned that it would soon lose its largest factory, a Maytag refrigerator plant that had anchored Galesburg's social and economic life for decades. Workers at the plant earned $15.14 an hour, had good insurance, and were assured a solid retirement. In 2004, the plant was relocated to Reynosa, Mexico, where workers sometimes spent 13-hour days assembling refrigerators for $1.10 an hour.

In Boom, Bust, Exodus, Chad Broughton offers a ground-level look at the rapid transition to a globalized economy, from the perspective of those whose lives it has most deeply affected. We live in a commoditized world, increasingly divorced from the origins of the goods we consume; it is easy to ignore who is manufacturing our smart phones and hybrid cars; and where they come from no longer seems to matter. And yet, Broughton shows, the who and where matter deeply, and in this audiobook he puts human faces to the relentless cycle of global manufacturing.

It is a tale of two cities. In Galesburg, where parts of the empty Maytag factory still stand, a hollowed out version of the American dream, the economy is a shadow of what it once was. Reynosa, in contrast, has become one of the exploding post-NAFTA "second-tier cities" of the developing world, thanks to the influx of foreign-owned, export-oriented maquiladoras - an industrial promised land throbbing with the energy of commerce, legal and illegal. And yet even these distinctions, Broughton shows, cannot be finely drawn: Families in Reynosa also struggle to get by, and the city is beset by violence and a ruthless drug war. Those left behind in the post-Industrial decline of Galesburg, meanwhile, do not see themselves as helpless victims: They have gone back to school, pursued new careers, and learned to adapt and even thrive.

©2015 Chad Broughton (P)2014 Audible Inc.
Americas Economic Conditions Economic History Economics Mexico Politics & Government Social Classes & Economic Disparity Social Sciences Sociology State & Local United States Latin American Capitalism Economic disparity Export Taxation Business Socialism Law Social justice

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All stars
Most relevant  
Interesting and thought provoking run through the devastating effects of large manufacturing closures on a community. This also covers the people taking up the posts in Mexico and the exploitative practices used.

like most commentary on the subject, it can be a little repetitive, but overall a good history of a theme common across the western world.

The book is well performed, clear and concise.

Blue collar History.

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