Matthew C. Klein is the economics commentator at Barron’s. He lives in San Francisco, CA. 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. He lives in Beijing.
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.
##A deeply problematic book that evades the question of growth in developing countries, as well as the issue of demographics in the so-called surplus countries. It will lend intellectual gravitas to a lot of protectionist measures in the next administration.
評分 評分##重溫
評分##和great rebalance一樣的理論框架,可搭配看。沒太涉及class war 和inequality,兩者隻是作為産能/儲蓄剩餘的起因被討論。
評分##颱版
評分 評分##未必正確,但讀一下有助於理解outsiders的思路 英國《金融時報》首席經濟評論員 馬丁•沃爾夫 “貿易戰經常被形容為國傢之間的戰爭。事實並非如此:貿易戰主要是銀行傢和金融資産所有者與普通傢庭之間——富有階層和其他所有人之間——的衝突。” 這句話概括瞭《貿易戰爭實為階級戰爭》(Trade Wars Are Class Wars)一書的...
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