The Betrayal Of American Prosperity
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The Betrayal Of American Prosperity
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Author : Clyde Prestowitz
language : en
Publisher: Simon and Schuster
Release Date : 2010-05-11
The Betrayal Of American Prosperity written by Clyde Prestowitz and has been published by Simon and Schuster this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010-05-11 with Political Science categories.
CONSIDER THIS SHOCKING FACT: while China’s number one export to the United States is $46 billion of computer equipment, the number one export from the U.S. to China is waste—$7.6 billion of waste paper and scrap metal. Bestselling author Clyde Prestowitz reveals the astonishing extent of the erosion of the fundamental pillars of American economic might—beginning well before the 2008 financial crisis—and the great challenge we face for the future in competing with the economic juggernaut of China and the other fast-rising economies. As the arresting facts he introduces show, the U.S. is rapidly losing the basis of its wealth and power, as well as its freedom of action and independence. If we do not make dramatic changes quickly, we will confront a painful permanent slide in our standard of living; the dollar will no longer be the world’s currency; our military strength will be whittled away; and we will be increasingly subject to the will of China, Russia, Saudi Arabia, and various malcontents. But it doesn’t have to be that way. As Prestowitz shows in a masterful account of how we’ve come to this fateful juncture, we have inflicted our economic decline on ourselves—we abandoned the extraordinary approach to growth that drove the country’s remarkable rise to superpower status from the early days of the republic up through World War II. For most of our history, we supported our home industries, protected our market against unfair trade, made the world’s finest products—leading the way in technological innovation—and we were strong savers. But in the post-WWII era, we reversed course as our leadership embraced a set of simplistically attractive but disastrously false ideas—that consumption rather than production should drive our economy; that free trade is always a win-win; that all globalization is good; that the market is always right and government regulation or intervention in the economy always causes more harm than good; and that it didn’t matter that our factories were fleeing overseas because we were moving to the "higher ground" of services. In a devastating account, Prestowitz shows just how flawed this orthodoxy is and how it has gutted the American economy. The 2008 financial crisis was only its most blatant and recent consequence. It is time to abandon these false doctrines and to get back to the American way of growth that brought us to world leadership; Prestowitz presents a deeply researched and powerful set of highly practical steps that we can begin implementing immediately to reverse course and restore our economic leadership and excellence. The Betrayal of American Prosperity is vital reading for all Americans concerned about the future of the economy and of our power in the coming era.
The Betrayal Of American Prosperity
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Author : Clyde V. Prestowitz
language : en
Publisher: Tantor Media Incorporated
Release Date : 2014-05-10
The Betrayal Of American Prosperity written by Clyde V. Prestowitz and has been published by Tantor Media Incorporated this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014-05-10 with BUSINESS & ECONOMICS categories.
From the bestselling author of "Rogue Nation" and "Three Billion New Capitalists" comes a bracing warning of a decisive shift in world power away from the United States--and the deeply troubling threat that we are entering a post-dollar era.
The Betrayal Of The American Dream
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Author : Donald L Barlett
language : en
Publisher: Hachette UK
Release Date : 2012-07-31
The Betrayal Of The American Dream written by Donald L Barlett and has been published by Hachette UK this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-07-31 with Social Science categories.
A New York Times bestseller America's unique prosperity is based on its creation of a middle class. In the twentieth century, that middle class provided the workforce, the educated skills, and the demand that gave life to the world's greatest consumer economy. It was innovative and dynamic; it eclipsed old imperial systems and colonial archetypes. It gave rise to a dream: that if you worked hard and followed the rules you would prosper in America, and your children would enjoy a better life than yours. The American dream was the lure to gifted immigrants and the birthright opportunity for every American citizen. It is as important a part of the history of the country as the passing of the Bill of Rights, the outcome of the battle of Gettysburg, or the space program. Incredibly, however, for more than thirty years, government and big business in America have conspired to roll back the American dream. What was once accessible to a wide swath of the population is increasingly open only to a privileged few. The story of how the American middle class has been systematically impoverished and its prospects thwarted in favor of a new ruling elite is at the heart of this extraordinarily timely and revealing book, whose devastating findings from two of the finest investigative reporters in the country will leave you astonished and angry.
A Capitalism For The People
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Author : Luigi Zingales
language : en
Publisher: Basic Books
Release Date : 2014-02-11
A Capitalism For The People written by Luigi Zingales and has been published by Basic Books this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014-02-11 with Business & Economics categories.
Born in Italy, University of Chicago economist Luigi Zingales witnessed firsthand the consequences of high inflation and unemployment—paired with rampant nepotism and cronyism—on a country's economy. This experience profoundly shaped his professional interests, and in 1988 he arrived in the United States, armed with a political passion and the belief that economists should not merely interpret the world, but should change it for the better. In A Capitalism for the People, Zingales makes a forceful, philosophical, and at times personal argument that the roots of American capitalism are dying, and that the result is a drift toward the more corrupt systems found throughout Europe and much of the rest of the world. American capitalism, according to Zingales, grew in a unique incubator that provided it with a distinct flavor of competitiveness, a meritocratic nature that fostered trust in markets and a faith in mobility. Lately, however, that trust has been eroded by a betrayal of our pro-business elites, whose lobbying has come to dictate the market rather than be subject to it, and this betrayal has taken place with the complicity of our intellectual class. Because of this trend, much of the country is questioning—often with great anger—whether the system that has for so long buoyed their hopes has now betrayed them once and for all. What we are left with is either anti-market pitchfork populism or pro-business technocratic insularity. Neither of these options presents a way to preserve what the author calls “the lighthouse” of American capitalism. Zingales argues that the way forward is pro-market populism, a fostering of truly free and open competition for the good of the people—not for the good of big business. Drawing on the historical record of American populism at the turn of the twentieth century, Zingales illustrates how our current circumstances aren't all that different. People in the middle and at the bottom are getting squeezed, while people at the top are only growing richer. The solutions now, as then, are reforms to economic policy that level the playing field. Reforms that may be anti-business (specifically anti-big business), but are squarely pro-market. The question is whether we can once again muster the courage to confront the powers that be.
Seeds Of Destruction
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Author : Glenn Hubbard
language : en
Publisher: FT Press
Release Date : 2010-08-13
Seeds Of Destruction written by Glenn Hubbard and has been published by FT Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010-08-13 with Business & Economics categories.
If you think the current administration is mismanaging the economy straight towards disaster, you're not alone: so do two top economists from both sides of the political aisle. In Seeds of Destruction, former Bush chief White House economist R. Glenn Hubbard and well-known CNBC commentator Peter Navarro explain why current economic policy is a catastrophic failure. Then, they offer a comprehensive, bipartisan blueprint for reversing the decline of America's currency, manufacturing base, and standard of living - setting the stage for the epic policy debates that will precede the 2010 elections. Hubbard and Navarro begin with a "checklist" of what it takes to be a prosperous, democratic nation - and show why Obama's policies (some of Bush's also) fail on every level. They explain why the activist Federal Reserve and Obama fiscal stimulus policies are doing far more harm than good... why we must restore the U.S. manufacturing base, whatever China says about it... how to transform tax policy into an engine of growth and innovation... how to apply the "tough love" needed to save Social Security, Medicare, and Medicaid... why America must resign the job of world policeman... how market-based solutions can finally deliver real energy independence... how to reform our antique financial regulatory system without imposing heavy-handed rules that cause even more trouble.
Buying America Back A Real Deal Blueprint For Restoring American Prosperity
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Author : Alan Uke
language : en
Publisher: SelectBooks
Release Date : 2012
Buying America Back A Real Deal Blueprint For Restoring American Prosperity written by Alan Uke and has been published by SelectBooks this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012 with Competition categories.
"A successful American entrepreneur offers solutions to the loss of American jobs and manufacturing. To help consumers understand buying choices, he advocates a movement to pass laws to label imports with the percentages of a product's costs of manufacture in the countries of origin and data showing whether trade ratios are balanced and beneficial to the United States"--Provided by publisher.
Three Billion New Capitalists
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Author : Clyde V Prestowitz
language : en
Publisher: Hachette UK
Release Date : 2007-03-22
Three Billion New Capitalists written by Clyde V Prestowitz and has been published by Hachette UK this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007-03-22 with Political Science categories.
By the beginning of this century it was already commonplace to speak of the U.S. as a "hyperpower," to talk of its military, political, and economic clout as unprecedented in world history, and to assume that American dominance would continue at least throughout our lifetimes. It is conventional wisdom that America will have no serious rivals for at least a generation. But the American position is far more fragile and ephemeral than much of the world believes. Clyde Prestowitz shows the powerful yet barely visible trends that are threatening to end the six-hundred-year run of Western domination of the world. The trends include America's increasingly unsustainable trade deficits; the equally unsustainable (and dangerous) buildup of massive dollar reserves in places like Japan and China; the end of America's position as the world's premier center for invention and technological innovation; the sudden entrance of 2.5 billion people in India and China into the world's skilled job market; the role of the World Wide Web in permitting many formerly localized jobs to be done anywhere in the world; and the demographic meltdown of Europe, Japan, Russia, and, in later decades, even China.Three Billion New Capitalists is a clear-eyed and profoundly unsettling look at America's and the world's economic future, from an author with a history of predicting the important trends long before they become apparent to others.
Econoclasts
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Author : Brian Domitrovic
language : en
Publisher: Simon and Schuster
Release Date : 2023-10-03
Econoclasts written by Brian Domitrovic and has been published by Simon and Schuster this book supported file pdf, txt, epub, kindle and other format this book has been release on 2023-10-03 with History categories.
The history we can't afford to forget. At last, the definitive history of supply-side economics—an incredibly timely work that reveals the foundations of America's prosperity when those very foundations are under attack. In the riveting, groundbreaking book Econoclasts, historian Brian Domitrovic tells the remarkable story of the economists, journalists, Washington staffers, and (ultimately) politicians who showed America how to get out of the 1970s stagflation and ushered in an unprecedented quarter-century run of growth and opportunity. Based on the author's years of archival research, Econoclasts is a masterful narrative history in the tradition of Amity Shlaes's The Forgotten Man and John Steele Gordon's An Empire of Wealth.
Prosperity S Predicament
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Author : Isabel Brown Crook
language : en
Publisher: Rowman & Littlefield
Release Date : 2013-09-26
Prosperity S Predicament written by Isabel Brown Crook and has been published by Rowman & Littlefield this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-09-26 with History categories.
This classic in the annals of village studies will be widely read and debated for what it reveals about China's rural dynamics as well as the nature of state power, markets, the military, social relations, and religion. Built on extraordinarily intimate and detailed research in a Sichuan village that Isabel Crook began in 1940, the book provides an unprecedented history of Chinese rural life during the war with Japan. It is an essential resource for all scholars of contemporary China.
The End Of Prosperity
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Author : Arthur B. Laffer
language : en
Publisher: Simon and Schuster
Release Date : 2009-09-08
The End Of Prosperity written by Arthur B. Laffer and has been published by Simon and Schuster this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009-09-08 with Business & Economics categories.
The authors argue that, for 25 years, the U.S. has experienced a great wave of prosperity as a result of supply-side economics, or Reaganomics. They caution that Americans risk losing their high standard of living if the policies of the past are reversed by a Democratic president.