UID:
kobvindex_ZLB34728262
ISBN:
9780300252750
Content:
" A provocative look at how today's trade conflicts are caused by governments promoting the interests of elites at the expense of workers Trade disputes are usually understood as conflicts between countries with competing national interests, but as Matthew C. Klein and Michael Pettis show, they are often the unexpected result of domestic political choices to serve the interests of the rich at the expense of workers and ordinary retirees. Klein and Pettis trace the origins of today's trade wars to decisions made by politicians and business leaders in China, Europe, and the United States over the past thirty years. Across the world, the rich have prospered while workers can no longer afford to buy what they produce, have lost their jobs, or have been forced into higher levels of debt. In this thought†'provoking challenge to mainstream views, the authors provide a cohesive narrative that shows how the class wars of rising inequality are a threat to the global economy and international peace and what we can do about it."
Content:
Biographisches: " Matthew C. Klein is the economics commentator at Barron's . Michael Pettis is professor of finance at Peking University's Guanghua School of Management and a senior fellow at the Carnegie Endowment for International Peace." Rezension(2): "〈a href=http://lj.libraryjournal.com/ target=blank〉〈img src=https://images.contentreserve.com/libraryjournal_logo.png alt=Library Journal border=0 /〉〈/a〉: May 1, 2020 Klein (economics commentator, Barron's) and Pettis (finance, Peking Univ.) demonstrate worldwide effects of the ever-growing wealth inequality within nations and between trading partners. In China, Europe, and many other places workers are extremely productive and very badly paid. Low wage workers cannot afford to buy the products and services they create. Nations deliberately keep wages low, promote rapid and uncontrolled movement of capital, and desperately seek new markets abroad for products unconsumed at home. Klein and Pettis argue that restoration of the post-war social compact tying productivity to rising incomes, relaxation of the toxic fear of government deficits, and Keynesian stimulation of national and international economies will reduce income disparities, raise living standards, and produce peaceful trade. In short, globalist policies have failed. This work explains the self-destructive nature of neo-liberal economic theory which produces regular economic crises both within countries and globally. VERDICT Readers interested in current events, students unaware of ideas that challenge capitalist orthodoxy, and scholars searching for the causes of planetary inequality will all benefit from this book. --Duncan Stewart, Univ. of Iowa Libs., Iowa CityCopyright 2020 Library Journal, LLC Used with permission. "
Language:
English
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URL:
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URL:
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URL:
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