The Betrayal of American Prosperity, Clyde Prestowitz
The Betrayal of American Prosperity, Clyde Prestowitz
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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

Author: Clyde Prestowitz

Narrator: Erik Synnestvedt

Unabridged: 9 hr 22 min

Format: Digital Audiobook Download

Publisher: Tantor Media

Published: 05/31/2010


Synopsis

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.

About Clyde Prestowitz

Clyde Prestowitz is the author of the bestselling 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-eds in the New York Times, the Financial Times, the 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 lives in Washington, D.C.


Reviews

Goodreads review by Public on August 09, 2017

I appreciated the author's willingness to attack economic orthodoxy surrounding free trade, efficient market hypothesis, and the idea that countries (somehow) do not compete. My one small criticism would be that Prestowitz is much more concerned with the "how" than the "why." Of course, I already ha......more

Goodreads review by Adam on August 08, 2010

Prestowitz continues his line of interesting and thought-provoking books with The Betrayal of American Prosperity. He does a good job of debunking the idealistic vision of a 'free trade' that's not truly free. His knowledge of the economic and intellectual history is impressive, and is what makes th......more

Goodreads review by Jeff on March 01, 2018

Excellent overview of what's wrong with the American economy with many useful suggestions on how to improve things. Prestowitz is an original thinker and an authority on trade.......more