Trade wars are class wars : how rising inequality distorts the global economy and threatens international peace / Michael Pettis, Matthew C. Klein.

Format:

Book

Author/Creator:

Klein, Matthew C., Author.

Pettis, Michael, Author.

Language:

English

Subjects (All):

Social classes.

Physical Description:

1 online resource (xi, 269 pages) : illustrations.

Place of Publication:

2020.

New Haven, CT : Yale University Press, [2020]

Language Note:

In English.

Summary:

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 in this book, 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.

Contents:

Frontmatter

Contents

Acknowledgments

Introduction

ONE From Adam Smith to Tim Cook

TWO The Growth of Global Finance

THREE Saving, Investment, and Imbalances

FOUR From Tiananmen to the Belt and Road

FIVE The Fall of the Wall and the Schwarze Null

SIX The American Exception

Conclusion

Notes

Index

Notes:

"Published with assistance from the Kingsley Trust Association Publication Fund established by the Scoll and Key Society of Yale College'--copyright page.

Includes bibliographical references and index.

Description based on online resource; title from PDF title page (publisher's Web site, viewed 26. Mai 2020)

ISBN:

0-300-25275-7

OCLC:

1153837560