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The End of the Free Market: Who Wins the War Between States and Corporations? Paperback – September 27, 2011
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About the Author
-David Brooks, New York Times
"Mr. Bremmer... provides a wide-ranging account of the rise of state capitalism and he litters his prose with apposite examples and acute insights. Nobody with a serious interest in the current dilemma should pass it by."
"Brilliant and indispensible. One of the preeminent political analysts of our time with the must-read book for how politics and global markets are converging at our peril."
-Nouriel Roubini, Chairman of Roubini Global Economics
"From the stories of deadly rioting at a Chinese factory to the Russian prime minister's grocery shopping to the construction site of an entirely new Saudi city, this is a fascinating story with a timely and important message: American- style free-market democracy might not be the wave of the future."
- Fareed Zakaria, editor, Newsweek International; author of The Post- American World
"The End of the Free Market is both fresh and provocative. It illuminates the subtle, yet powerful, geopolitical and economic undercurrents that must be understood by all of us."
- Greg Brown, CEO of Motorola
"Ian Bremmer's understanding of international commerce and politics is peerless. The End of the Free Market holds essential insights for anyone conducting business on the global level."
- Sallie Krawcheck, President, global wealth and investment management, Bank of America
"A powerful analysis of the new emerging world order by an author who is always full of insights."
- George Osborne, MP, shadow chancellor of the Exchequer
"Ian Bremmer's book couldn't have come at a better time. An essential guide to the future of the world economy, The End of the Free Market describes the coming war for the soul of capitalism. It offers useful insights for investors, business leaders, and anyone interested in how to survive this coming global confrontation."
- David Smick, Global policy strategist and author of The World Is Curved: Hidden Dangers to the Global Economy
Top Customer Reviews
The book was motivated, it seems, by the 2009-2009 economic bust and explaining why this both strengthens nations that are already practice state capitalism and encourages more folks to defend state capitalism as an alternative to the free markets that many (rightly or wrongly, as the author puts it) blame for the bust.
Make no mistake: the author of this book is not writing in support of state capitalism, but simply wants us to be more aware of what it is, what its strengths and weaknesses are, and why it affects us. The author himself, though, writes as a supporter of semi-free markets with minimal, but necessary, regulation.
The first half of "The End of Free Markets" is devoted to explaining state capitalism. It developed primarily as an outgrowth of the Cold War. China and Russia both experienced broken communist regimes and the impossibility of replacing those regimes with largely unregulated markets.Read more ›
My test in rating the book was to consider three questions:
1. Would I recommend it to someone largely unfamiliar with the issues to get a sound grounding. A definite 'yes' here.Read more ›
Political risk guru Ian Bremmer examines the growing momentum of "state capitalism" in his new book The End of the Free Market: Who Wins the War between States and Corporations? Bremmer argues that state capitalism differs from free-market capitalism in that politics rather than profit is the main driver of decision-making. For this reason, it threatens to curtail free markets and the global economy. It is the latest chapter in the "rise of the rest," or the expansion of non-Western states in the international system.
Capitalism takes many forms but all of them can be distinguished by their "use of wealth to create more wealth, a broad enough definition to capture both free-market and state capitalism," Bremmer notes. In the free-market form of capitalism, the job of the state is to "enable" wealth generation by enforcing contracts and limiting the influence of moral bads such as greed--the latter can lead to market failures, which have occurred periodically since the Dutch tulip craze of 1637. Free-market governments attempt to ensure that the economic game is played fairly.
In contrast to free-market capitalism, the economy in state-capitalist regimes is dominated by the state agenda. "Forced to choose between the protection of the rights of the individual, economic productivity, and the principle of consumer choice, on the one hand, and the achievement of political goals, on the other, state capitalists will choose the latter every time," Bremmer explains. Continuing the sports game analogy, state capitalists control the referees as well as the main players.
Bremmer admits that state capitalism isn't new.Read more ›
Most Recent Customer Reviews
Definitely worth the time to learn about what capitalism faces in the coming years. Easy to follow without glossing over difficult matters.Published 5 months ago by Adam E. Clary
There is a portion in the middle of this book where the author goes over the primary countries which display state-capitalist mentalities and explains by example how politics rules... Read morePublished 8 months ago by Derek Zweig
The End of the Free Market is somewhat of a misleading title, as the purpose of the book is to profile state capitalism, a hybrid of communism and capitalism, mostly the end result... Read morePublished 10 months ago by katarinaism
Once you start reading the book, you won't be able to put it down. Definitely 5 stars.Published 13 months ago by Mohammed Abdulla A.Karim
Excellent explanation on how democracy is undermined by state capitalism's latest incarnation. I highly recommend it.Published 18 months ago by Fausta Wertz
This was a good book, but there were three huge problems with the book.
First, Bremmer refers to the US economic system as free-market. Read more
Intrigued by the tile and the sub-title I purchased this book from a third party seller and was suspicious immediately by the low price I paid for the product. Read morePublished on May 17, 2014 by Junglies
Originally I saw Ian Bremmer hocking his new book on the Daily Show with Jon Stewart - he was compelling enough to get me interested in buying the book and I committed myself to... Read morePublished on March 18, 2014 by Bradford Bisinger