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The Betrayal of American Prosperity: Free Market Delusions, America’s Decline, and How We Must Compete in the Post-dollar Era

The Betrayal of American Prosperity: Free Market Delusions, America’s Decline, and How We Must Compete in the Post-dollar Era

Written by Clyde Prestowitz

Narrated by Erik Synnestvedt


The Betrayal of American Prosperity: Free Market Delusions, America’s Decline, and How We Must Compete in the Post-dollar Era

Written by Clyde Prestowitz

Narrated by Erik Synnestvedt

ratings:
5/5 (1 rating)
Length:
13 hours
Publisher:
Released:
May 31, 2010
ISBN:
9781400187447
Format:
Audiobook

Description

Critically acclaimed author Clyde Prestowitz reveals the shocking extent of the deterioration of American economic strength that has put the United States on the brink of irreversibly losing our supremacy on the world stage and our prosperity at home. While the financial crisis has been a devastating blow, he shows that the wreckage of our economic might started much earlier. If we do not make decisive changes fast, he reveals, we will face the daunting challenges of living in a post-dollar world: wielding less and less power over world affairs, vulnerable to rising security threats, and left with a permanently lower standard of living. There is nothing inevitable about this slide, he argues, but fighting back will require recognizing-and reversing-a glaring set of errors made by our business and political leaders due to ideological adherence to deeply flawed doctrines of always-efficient markets and the purely positive effects of globalization.



Providing a masterful history of the rise and decline of the brilliant "American way" of building our prosperity, Prestowitz pinpoints exactly the set of ill-fated steps by which, starting in the 1970s, we turned away from the very strengths that had brought us to world leadership, gutting our capacity to produce truly first-rate, cutting-edge products and going massively into debt. He then lays out the urgent steps we must take to come booming back. The Betrayal of American Prosperity is an indispensable contribution to the urgent debate about the future of the American economy and our role in the world.
Publisher:
Released:
May 31, 2010
ISBN:
9781400187447
Format:
Audiobook

About the author

Clyde Prestowitz is the author of the best selling and critically acclaimed books Trading Places, Rogue Nation, and Three Billion New Capitalists. He served in the Reagan Administration as Counselor to the Secretary of Commerce and as a principal trade negotiator for Asia. He was also Vice Chairman of President Clinton’s Commission on Trade and Investment in the Asia-Pacific Region. The founder of the Economic Strategy Institute in Washington D.C., Prestowitz advises governments, global corporations, and labor unions on competitiveness and globalization strategy. He has written hundreds of articles and op-editorials in the New York Times, Financial Times, Washington Post, The Economist, and other leading publications over the past twenty five years based on his experiences both in the corporate world and in government. He is a graduate of Swarthmore College, studied at both the East West Center in Honolulu and Keio University in Tokyo and holds an M.A. from the University of Hawaii as well as an M.B.A. from the Wharton Graduate School of Business. He lives in Washington, D.C.


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