
Trade Wars Are Class Wars
How Rising Inequality Distorts the Global Economy and Threatens International Peace
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Narrated by:
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Bob Souer
About this listen
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 30 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.
©2020 Matthew C. Klein and Michael Pettis (P)2020 TantorListeners also enjoyed...
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Story
The US is the largest closed economy in the world next to Brazil as we have enough agricultural production, natural resources, and diversity in the economy to stop trading with the rest of the world for decades. This, however, isn't an ideal scenario as trade results in increased competition within national markets and lowers prices for all consumers. Tariffs are a tax on consumers that are used by governments worldwide to slow spending and as a short-term economic tool for increased diplomacy and over the long term as a diplomatic weapon. They can hurt the GDP and GNP of the country that ...
By: Torin Stigham
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21st Century Monetary Policy
- The Federal Reserve from the Great Inflation to COVID-19
- By: Ben S. Bernanke
- Narrated by: George Guidall
- Length: 16 hrs and 4 mins
- Unabridged
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A former chair of the Federal Reserve explains the transformation of one our most powerful and consequential institutions.
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don't buy, horrible narration
- By Mr. Incognito on 05-18-22
By: Ben S. Bernanke
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The Rise and Fall of the Neoliberal Order
- America and the World in the Free Market Era
- By: Gary Gerstle
- Narrated by: Keith Sellon-Wright
- Length: 13 hrs and 21 mins
- Unabridged
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To be sure, neoliberalism has contributed to a number of alarming trends, not least of which has been a massive growth in income inequality. Yet as the eminent historian Gary Gerstle argues in The Rise and Fall of the Neoliberal Order, these indictments fail to reckon with the full contours of what neoliberalism was and why its worldview had such persuasive hold on both the right and the left for three decades.
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Cursory, unoriginal, class-blind
- By A Reviewer on 10-24-22
By: Gary Gerstle
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The Crisis of Democratic Capitalism
- By: Martin Wolf
- Narrated by: John Lee
- Length: 13 hrs and 17 mins
- Unabridged
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Martin Wolf has long been one of the wisest voices on global economic issues. He has rarely been called an optimist, yet he has never been as worried as he is today. Liberal democracy is in recession, and authoritarianism is on the rise. The ties that ought to bind open markets to free and fair elections are threatened, even in democracy’s heartlands, the United States and England.
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Rambling and muddled.
- By Daniel Mccarty on 02-20-23
By: Martin Wolf
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Smart Money
- How Digital Currencies Will Shape the New World Order
- By: Brunello Rosa, Casey Larsen
- Narrated by: Richard Burnip
- Length: 12 hrs
- Unabridged
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Since the end of the Second World War, the US dollar has been the global reserve currency, which has ensured American dominance of the world economy. But no longer. More than a hundred countries are developing Central Bank Digital Currencies (CBDCs), digital equivalents to cash that will utterly transform how we do business at home and abroad. Urgent, clear-eyed and groundbreaking, Smart Money shows us how CBDCs are going to impact all of our futures in ways that most of us have failed to even consider.
By: Brunello Rosa, and others
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The Catalyst
- RNA and the Quest to Unlock Life's Deepest Secrets
- By: Thomas R. Cech
- Narrated by: Joshua Saxon
- Length: 6 hrs and 54 mins
- Unabridged
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A gripping journey of discovery, The Catalyst moves from the early experiments that first hinted at RNA's spectacular powers, to Cech's own paradigm-shifting finding that it can catalyze cellular reactions, to the cutting-edge biotechnologies poised to reshape our health.
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Captivating
- By Auinash Kalsotra on 09-16-24
By: Thomas R. Cech
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Chokepoints
- American Power in the Age of Economic Warfare
- By: Edward Fishman
- Narrated by: Robert Petkoff
- Length: 17 hrs and 2 mins
- Unabridged
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It used to be that ravaging another country’s economy required blockading its ports and laying siege to its cities. Now all it takes is a statement posted online by the U.S. government. In Chokepoints, Edward Fishman, a former top State Department sanctions official, takes us deep into the back rooms of power to reveal the untold history of the last two decades of U.S. foreign policy, in which America renounced the gospel of globalization and waged a new kind of economic war.
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ComplicatedWorld
- By DDT on 05-28-25
By: Edward Fishman
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A Splendid Exchange
- How Trade Shaped the World
- By: William J. Bernstein
- Narrated by: Mel Foster
- Length: 17 hrs and 13 mins
- Unabridged
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In A Splendid Exchange, William J. Bernstein tells the extraordinary story of global commerce from its prehistoric origins to the myriad controversies surrounding it today. He transports listeners from ancient sailing ships that brought the silk trade from China to Rome in the second century to the rise and fall of the Portuguese monopoly in spices in the 16th.
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Very interesting and Germane to Today's World
- By Mark on 07-18-08
The only complaint I have is the narrator's breathing. In an earbud it can get annoying.
Insightful and Knowledgeable
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well worth it but a difficult read
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The best - explaining how different economies managed development. Like the Early United States. Gives an excellent and intelligent explanation of the modern Japanese malaise. Even things like early 19th century banking and international finance.
Eurozone chapter, amazing. The explanation of tax haven mechanics, the best I have read, anywhere. Also, the chapter on trade and logistics optimization is great. I learned a great deal. This book is so good, It should cost 2 Credits.
When a book is this good, 5 stars is not enough.
An excellent account of Trade and Economics
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Interesting prospective on global trade
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The basic case is this. People who are not rich spend most of what they earn. But rich people do not. This gap between income and consumption is called "savings" and, inevitably, the greater the gap between rich and non-rich in a society (called "wealth inequality") the greater the savings.
Generally speaking, the goal of those who possess these savings is not merely to retain them, but to grow them through investment. What's more (as Piketty has shown) the rate of return on investment has historically been greater than the growth in national income, so wealth inequality in a society tends to grow, compounding geometrically over time. The book did not discuss Piketty, and might have been better if it had. But that is not the main point. The main point is, that while excess savings may be viewed as a boon by the rich, they are a curse to everyone else, creating havoc as they chase around the globe like insatiable demons, looking for ways to reproduce themselves.
While all this is true enough, and the authors make a convincing historic case, what's lacking (despite the title) is the moral dimension. At the end of the day, the problem is not economic. After all, there is nothing to prevent the rich from donating excess savings back to the government, or to a chosen worthy cause. Sorry, to say, the problem is deeper than that, It is simple, human greed: the endless impulse to accumulate. (And to be charitable, the other side of the coin, the fear of loss.) All the revolutions and elections and rational policy prescriptions on earth cannot stamp out greed. In the end, the only hope is spiritual insight, Without it, moral restraint has no reliable support. Until we are convinced that happiness cannot be acquired at the expense of others, greed will be with us. The merry-go-round will continue to turn. Nevertheless, one by one, we can each decide to step off.
Crescendo of Greed
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lower the worlds economic output and employment.
Could not put Down
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Speaking of class...
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Very well done
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Rich in perspective but difficult to follow
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The basic problem is if a society is allowed to pay workers, such that they cannot afford the basic goods produced by that society, and that society is allowed to export their demand to other societies, a cascading sequence of disasters ensues.
Story of or current trade troubles and what to do
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