By Gabor Steingart
ISBN-10: 0071545964
ISBN-13: 9780071545969
A LIBRARY magazine 2008 most sensible company ebook OF THE YEAR!
Globalization. The Flat global. Outsourcing. loose alternate.
Each of those words is a flashpoint in a single of the main heated debates of our lifetime: Is globalization a strength for solid, or is it a coverage that's absolute to spoil the commercial beginning of the U.S. and Europe whereas exporting our wealth and prosperity overseas?
In The conflict for Wealth , best highbrow and agenda-setting journalist Gabor Steingart examines how globalization has affected the country of the world's economic climate and returns with a bleak outlook for the West: our prosperity and wealth are disappearing quicker than ever, and with it our political energy and our long-held democratic beliefs. yet all isn't really misplaced; we will nonetheless stem the circulate of capital and jobs and once more fix the West to its revered place of world chief in economics and politics.
In this eye-opening and dramatic account, Steingart lays out the 3 power situations the realm faces - a “shock situation” within which there's a worldwide fiscal crash, an “Asia-over-all state of affairs” the place the emerging economies of Asia thoroughly overtake the West, or the “American renaissance situation” during which U.S. politicians unite with one another and with Europe, forming a practical 3rd method to convey the West again from the edge of destruction.
Compelling, debatable, and thought-provoking, The conflict for Wealth indicators readers to the the most important country of the Western economy--and exhibits how leaders can go back the West to its place of strength within the international area.
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Additional info for The war for wealth: the true story of globalization or why the flat world is broken
Example text
England’s Queen Victoria dispatched the Royal Navy to the four corners of the earth to conquer territory many times larger than her own realm. Spain’s rulers waged four overseas wars in the second half of the nineteenth century alone, although, to the royal family’s vexation, Spain lost each war. In his 16 years at the French helm, Napoleon hardly managed to endure a single year without 25 26 G A B O R S T E I N G A RT being at war. The freedom call of the French bourgeoisie—Liberté, Egalité, Fraternité—was translated into something entirely different in practice: Infantry, Cavalry, Artillery.
Nor is the current state of globalization as stable as it seems. Anyone who takes a closer look at the individual components of T H E WA R F O R W E A LT H the world economy can sense the tension and feel the underlying rumblings, and can gain a sense of what could still be coming our way. A look into our past helps us to understand the present. Current and future generations can count their blessings that an appreciation for the truth was more common in the days when the dress rehearsal for globalization was on the agenda.
For the first time, the workforce was confronted with two phenomena with which we are all too familiar today: while some could expect to see their wages cut, others could look forward to unemployment. It was the age of the bosses in industrial capitalism. Withheld wages, corporal punishment, and arbitrary firings were the order of the day. The workday lasted up to 18 hours, and only the bare outlines of what we refer to today as a social welfare state existed. ” But many ignored his admonition and did so nonetheless.
The war for wealth: the true story of globalization or why the flat world is broken by Gabor Steingart
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