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The Global Class War : How America's Bipartisan Elite Lost Our Future - and What It Will Take to Win it Back Hardcover – January 1, 2006
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Top Customer Reviews
The Party of Davos is primarily the party of international global investors, who do their best to promote globalization and free trade. Elites around the world have bought into it, including the leadership of both the Democratic and Rebublican parties in the US, with the expectation that globalization would raise all economic boats, or so they would have us believe. However, this has not happened.
Faux correctly points out that prior to the age of globalization the US economy was more or less self-contained, and capital and labor were forced to deal with each other, thereby creating a social contract from which all parties benefited. What was once good for GM was also good for America; now it is only good for GM. (This may not be a good example since even the global investor is not happy with GM.) The point being that GM can now find cheaper labor and lower environmental standards in other countries.Read more ›
1) Limits to Growth and need for Ecological Economics (Club of Rome, Herman Daly);
2) Global Reach of Multinational Corporations and the Home-Host Country Issues and Threats to Domestic Labor and Social Welfare (Barnett)
3) Need for World Government to address global issues (Falk).
This book is valuable for its one main point reiterated and documented over and over again: the American elite has joined with other elites world-wide to reach accommodations that favor the investors and the ruling elites over the individuals that are employees.
If I had not also read William Greider's The Soul of Capitalism: Opening Paths to a Moral Economy as well as John Perkins, Confessions of an Economic Hit Man and (over two decades ago), Lionel Tiger, Manufacture of Evil: Ethics, Evolution, and the Industrial System I might have seen this book in a different light. In the larger context of the 700+ books I have reviewed at Amazon, this book sums up a key factor that the public must consider when going to elect its leaders over the next few years.Read more ›
These elites basically set the rules for global commerce to benefit themselves, rather than the worker citizens of their various countries. Thus, deals like NAFTA have actually worsened the economic lives of the majority of workers in the U.S., Canada, and Mexico, while the elites have prospered from them. Faux is an excellent writer who cuts through the jargon of economists to describe cogently the need for a global "social contract" to force some of the benefits of globalization to go to working families. He urges a focus on North America as a starting point for a new global social contract.
I came away from "Global Class War" both optimistic that the rules of globalization can be shifted so that more people benefit, but also a little frightened that the interests of the top Republican AND Democrats as well as the corporate class have become so de-coupled from those of middle-class America. If you read Tom Friedman's "World is Flat" and felt uneasy about how great Globalization 3.0 will be, then read Jeff Faux and you'll understand why. In the debate over the jungle of globalization, Faux is the lion and Friedman the gazelle.
Not so the Bushes, Clinton, and the politicians of the 1990s and the 2000s. So now we've got this combine of rich people -- nationality and party affiliation unimportant -- running the United States and the world for their own benefit. They get richer every year; and most people get poorer. They duped naive youngsters like Thomas Friedman of The New York Times into thinking that "globalization" is going to have widespread benefits. It's having benefits all right, but they're all going to the rich, increasingly a heriditary class.
Faux has writtten a warning about the way things are going in the world, focusing on NAFTA, free trade, and the relationships among Mexico, Canada, and the United States. Faux's thesis is that a global elite runs things for its own benefit. With every year that passes it's harder to argue against him. I won't give Faux's book my top rating, however, because his prescriptions for solving the problem are a bit wimpy. He looks to the EU as an example of a better way. Excuse me! The gnomes of Brussels as overlords are little, if any, better than Bill Gates. But he gets it right that we need a big step away from free trade -- which benefits the lowest wage countries, e.g. China, and the big corporations -- and a focus on the social/economic integration of North America with emphasis on people, not profits. I have little faith this will occur anytime soon, but at least people like Faux are thinking about it.Read more ›
Most Recent Customer Reviews
A little dated, but still interesting. The perpetual growth of the elites, drawing strength and wealth from those who have neither. Read morePublished on October 21, 2013 by Dr. John G. Eoll
This man sat near me in a math class in high school. I knew he was smart, but not how smart. I'm now retired and never heard about him again until I saw him on tv in 2003 when he... Read morePublished on December 3, 2011 by Anne M. Foley
Jeff Faux is the founder of the Economic Policy Institute. In this book, he helps us to see the forces at work in the world. He describes `a global governing class'. Read morePublished on February 15, 2011 by William Podmore
With NAFTA as a prominent example, Jeff Faux shows vividly and crystal-clearly how national elites are morphing into a global governing class ('The Party of Davos') and are shaping... Read morePublished on November 8, 2010 by Luc REYNAERT
This is an excellent book describing how the middle class is being systematically attacked by the orchestrations of the real pirates of the world, with the conscious intent to take... Read morePublished on March 19, 2010 by A. P. Hinton
Excellent, but depressing-seems to be no way left for workers of the world to unite.Published on March 6, 2010 by Richard Laughlin
This book has its faults--repetition, extraneous detail--but the basic message is the most important one in American politics today: among America's elites, there is no "culture... Read morePublished on December 6, 2009 by Mellow Monk
This is an excellent analysis of class and how it functions on a global scale.
The information on the organizing and selling of NAFTA was superb. Read more