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In The Global Class War, Jeff Faux argues that the politics of the new world market is dominated by a virtual "Party of Davos," the globe-trotting network of corporate investors and CEOs, and the politicians and journalists who work on their behalf. Clinton and his treasury secretary, Robert Rubin, and Bush and his defense secretary, Donald Rumsfeld, may use different strategies, but they promote the same globalization agenda in which the benefits go to America's corporate investors—and the costs are paid by ordinary Americans in outsourced jobs, military casualties, and an unsustainable foreign debt.
Faux shows how NAFTA, the WTO, and similar "free-trade" agreements are really deals among the global elite to rip up the social contract that allows the benefits of capitalism to be broadly shared. As the first secretary-general of the WTO admitted, they make up "the constitution of a single global economy." Its Bill of Rights protects just one citizen—the large transnational corporation.
Global corporations with American names are profitable, but the competitiveness of the people, businesses, and communities rooted in the U.S. economy is relentlessly deteriorating. America's workers, from the unskilled to highly educated design engineers and research scientists, have been set adrift in a sea of dog-eat-dog competition that guarantees a substantial drop in their living standards. The illusion of prosperity has been maintained by the biggest borrowing binge in history, but we are rushing toward a day of painful reckoning. Why aren't American business elites worried? Because their competitiveness is no longer tied to America's.
To escape this trap, Faux makes a powerful case for new cross-border politics to support the democratic redesign of globalization, beginning with the now integrated economies of Canada, Mexico, and the United States. Both in the way this book defines globalization's core problem and in its vision of how to resolve it, The Global Class War will affect political debate in America and the world for years to come.
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Book Description hardcover. Condition: New. Seller Inventory # mon0000071961
Book Description Hardcover. Condition: New. Seller Inventory # Abebooks168007