Trade Wars Are Class Wars: How Rising Inequality Distorts the Global Economy and Threatens International Peace

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A provocative look at how today’s trade conflicts are caused by governments promoting the interests of elites at the expense of workersTrade 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.

Amazon.co.uk Price: £20.00 (as of 09/04/2023 11:03 PST- Details)

A provocative have a look at how immediately’s commerce conflicts are attributable to governments selling the pursuits of elites on the expense of workersTrade disputes are often understood as conflicts between international locations with competing nationwide pursuits, however as Matthew C. Klein and Michael Pettis present, they’re typically the sudden results of home political selections to serve the pursuits of the wealthy on the expense of employees and odd retirees.Klein and Pettis hint the origins of immediately’s commerce wars to selections made by politicians and enterprise leaders in China, Europe, and the USA over the previous thirty years. The world over, the wealthy have prospered whereas employees can now not afford to purchase what they produce, have misplaced their jobs, or have been pressured into larger ranges of debt. On this thought-provoking problem to mainstream views, the authors present a cohesive narrative that reveals how the category wars of rising inequality are a menace to the worldwide economic system and worldwide peace-and what we will do about it.

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