a book
Trade Wars Are Class Wars
Matthew C. Klein · 2020 · 269 pages
Product Description
MP3 CD Format
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.
About the Author
Matthew C. Klein is the economics commentator at Barron's. He lives in San Francisco, California. Michael Pettis is professor of finance and economics at Peking University, a senior associate at the Carnegie Endowment, and a widely read commentator on China, Europe, and the global economy. He is the author of The Volatility Machine: Emerging Economies and the Threat of Financial Collapse.
MP3 CD Format
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.
About the Author
Matthew C. Klein is the economics commentator at Barron's. He lives in San Francisco, California. Michael Pettis is professor of finance and economics at Peking University, a senior associate at the Carnegie Endowment, and a widely read commentator on China, Europe, and the global economy. He is the author of The Volatility Machine: Emerging Economies and the Threat of Financial Collapse.
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sourced from public statements
Matt O'Brien
“This is a point @M_C_Klein has made well (and you should buy his book Trade Wars Are Class Wars): China really is an example of trickle-down economics. China’s tax system is extremely regressive, and almost all of the government's subsidies go to the rich/well connected.”↗