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Editorial Reviews. From the Back Cover. Praise for The War for Wealth. “The War for Wealth is a The War for Wealth: The True Story of Globalization, or Why the Flat World is Broken - Kindle edition by Gabor Steingart. The War for Wealth: The True Story of Globalization, or Why the Flat World is Broken Kindle Edition. by.
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- The war for wealth : the true story of globalization or why the flat world is broken
- War for Wealth: The True Story of Globalization, or Why the Flat World is Broken (eBook, PDF)
- The War for Wealth: The True Story of Globalization, or Why the Flat World Is Broken
Bibliography Includes bibliographical references p. A Threatto World Peace? Each of these phrases is a flashpoint in one of the most heated debates of our lifetime: Is globalization a force for good, or is it a policy that is sure to destroy the economic foundation of the United States and Europe while exporting our wealth and prosperity overseas? In The War for Wealth, leading intellectual and agenda-setting journalist Gabor Steingart examines how globalization has affected the state of the world's economy and returns with a bleak outlook for the West: But all is not lost; we can still stem the flow of capital and jobs and once again restore the West to its respected position of global leader in economics and politics.
In this eye-opening and dramatic account, Steingart lays out the three potential scenarios the world faces - a "shock scenario" in which there is a global economic crash, an "Asia-over-all scenario" where the rising economies of Asia completely overtake the West, or the "American renaissance scenario" in which U. Compelling, controversial, and thought-provoking, The War for Wealth alerts readers to the crucial state of the Western economy--and shows how leaders can return the West to its position of power in the global arena.
Nielsen Book Data Subject International economic relations. Publication date Note Previous ed.: You can achieve mental happiness, business success, spiritual vitality and financial superiority.
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The war for wealth : the true story of globalization or why the flat world is broken
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Read reviews that mention gabor steingart united states playing field china and india war for wealth every american read this book economic west economy jobs western future chinese asia europe tax america analysis country. There was a problem filtering reviews right now. Please try again later. Steingart offers a reasonable explanation for the relative increase in wage inequality in the US by resting his argument on Paul Samuelson's analysis of economic competition between countries Samuelson, , "Where Ricardo and Mill Rebut and Confirm Arguments of Mainstream Economists Supporting Globalization, Journal of Economic Perspectives.
This well defended structural argument does not bode well for the lower waged third of the US labor force. Steingart offers three potential scenarios for the contended economic conflict between the US and China; a lose-lose scenario, lose-win scenario, and a win-win scenario that recommends the US join with Europe to economically compete with China.
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Steingart finishes the book by offering a six-step plan of action that begins by calling for a general understanding of the true impact of outsourcing and globalization, then a leveling of the labor market playing field through regulation WTO, et al. Steingart overlooks the impact of global capitalistic investments on the part of individual US citizens as does Samuelson in his paper, but Samuelson at least acknowledges that he overlooks such dynamics.
In my opinion, the capitalist, the investor may be the key to improving the future of the US economy. Free flow global investments made by US investors return value to the US through capital gains taxes and originate from a growing segment of the population the upper one third that are profiting from the inequitable earnings distribution.
Couple an increasing return to these investors with a VAT as suggested by Steingart to cover social costs and one might have a winning strategy. I feel almost personally grateful to Steingart because he has written something I have always wanted to say, but couldn't possibly have said so well. The questions he asks on page , for example, have been troubling me for years.
I beseech every American to pause and respond to these buring questions. My gut feeling is that it's too late to remedy the dire situation. I pray miracle happens. I wish to be proven wrong. By the way, Deng Xiaoping was never premier of China, as Steingart told us. His official position, when he did hold one, was vice-premier, though he was the paramount leader of the Chinese Communist Party from the early 80s. Chinese politics was bizare. Kindle Edition Verified Purchase. Excellent analysis and all the author said has proven valid in the past 5 years.
The War for Wealth: The True Story of Globalization, or Why the Flat World Is Broken
Also the first solution to globalization I have read. One person found this helpful. The value system they bring to the table is inconsistent with the value system of most of the world, both east and west, north and south. Will do business again! See all 21 reviews. Most recent customer reviews. Published on May 6,
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