Trade Wars Are Class Wars

Condition: BRAND NEW ISBN: 9780300261448 Author(s): Matthew C. Klein Format: Paperback Language: English Year: 2021 Publisher: Yale University Press Pages: 296

Description: Winner of the 2021 Lionel Gelber Prize: A provocative look at how todayâs trade conflicts are caused by governments promoting the interests of elites at the expense of workersâThe authors weave a complex tapestry of monetary, fiscal and social policies through history and offer opinions about what went right and what went wrong . . . Worth reading for their insights into the history of trade and finance.ââGeorge Melloan, Wall Street Journal'This is a very important book.'âMartin Wolf, Financial Times 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 todayâs 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 thoughtâprovoking 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 peaceâand what we can do about it. Longlisted for the 2020 Financial Times & McKinsey Business Book of the Year Award and named a Best Business Book of 2020 by Strategy + Business

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