contradictory role 132 Waste production 126 "Weightless economy" 332; myth of 257 Welfare expenditure, productive and unproductive 137; as proportion of GDP in different countries 1975-95 (table) 238 Welfare provision, early development in Britain 134; development in 20th century 135; during long boom 164; costs in Western Europe and US 174; cuts to 137 Welfare state and needs of capital 135 Wolf, Martin 197; on Thai crisis of 1997 as a "blip"242; quoted on financial crises 280; quoted on "deleveraging" 290; on role of US household borrowing in keeping global economy going 288 Wolff, Edwin 195-6, 1 95, 197 Women, married, entry into employed workforce during long boom 173 Wood, Ellen Meiksins 1 12; on imperialism as caused by politics, not capitalist economics 93; state not instrument of appropriation under capitalism 104 Woolworths in UK goes bust 291 Work measurement and payment schemes 137 Workers, number in world according to Deon study 331; as proportion of workforce in US 334 Working class, in classical Marxism 329-30; theories of decline of 330-1; global size of 331; global distribution of 337; unevenness within 330; relation of the formal and informal sectors 338-344 Working day, legal limits on 33, shortening in 20th century 33; lengthening of 33 Working hours, decline in first part of 20th century 89 Working year, different countries, 2004 239; United States, 1 973-98 236 Workplace and community 343 World accumulation, 1970-2004 232 World Bank, endorsement of state planning in 1950s and 60s 186 World growth 1961-2003 231 World Trade Organisation,
negotiations, states and corporate interests 266
World Trade Organisation 17
WorldCom, bankruptcy 233
Wright Mills, C 331
X-efficiency 169, in West and in USSR 204
Yeltsin, Boris, and dissolution of USSR 210
Zapatistas 346, 348
Zeilig, Leo, and Ceruti, Claire, on South African township 343 Zombie banks 1 1
424
Index