Trade disputes are usually understood as conflicts between countries with competing national interests, but as Matthew C. Klein and Michael Pettis show, 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 thirty 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.
##20220527:中國過度儲蓄(global saving glut)導緻美國經常賬戶赤字增加的鬍話齣自伯南剋。本想把這句話補加書評中,但顯示書評中有被禁內容,無法更新。也不知是哪些詞犯瞭禁,原書評是人工審核通過的,但編輯更新估計是係統自動審核,所以過不瞭。豆瓣審查功能就是這麼差。
評分##the distribution of purchasing power within a society affects its economic relations with the rest of the world.
評分##對中美的瞭解都加深瞭一點
評分##對中美的瞭解都加深瞭一點
評分##普選製的特點就是不管貧富懸殊是人都有一票,所以哪怕全球資本已經是讓一批美國人先富起來瞭,還是要轉過身哄好這批被時代拋棄的同胞,反正是那幫民主黨人、邪惡帝國在搞火。美式愚民,啞然失笑。
評分##論述起來顯得不太convincing,很容易被低估,但說齣瞭很多ugly truth,有助於理解當下,實在比很多所謂“嚴肅的學術著作”強多瞭。讀完想藉用Michael Yates的書名嘆一句,Can the Working Class(Still) Change the World?
評分##20220527:中國過度儲蓄(global saving glut)導緻美國經常賬戶赤字增加的鬍話齣自伯南剋。本想把這句話補加書評中,但顯示書評中有被禁內容,無法更新。也不知是哪些詞犯瞭禁,原書評是人工審核通過的,但編輯更新估計是係統自動審核,所以過不瞭。豆瓣審查功能就是這麼差。
評分##"Despite these moves toward liberalization, the end of the war failed to restore trade to its pre-1929, much less pre-1913, importance. In fact, crossborder flows of goods and services relative to global output would not return to the zenith reached in the 1870s until the 1970s." Shocked me.
評分##和great rebalance一樣的理論框架,可搭配看。沒太涉及class war 和inequality,兩者隻是作為産能/儲蓄剩餘的起因被討論。
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