The Betrayal of American Prosperity


Penetrating examination of US errors committed in leading the post WWII world economy, and the danger that we may be entering a "post dollar" era.

Read More Show Less
... See more details below
This Audiobook (Other) is Not Available through
Sending request ...


Penetrating examination of US errors committed in leading the post WWII world economy, and the danger that we may be entering a "post dollar" era.

Read More Show Less

Editorial Reviews

Kirkus Reviews
If you think the Great Recession was a bummer, there's more bad news in store for the U.S. economy. Prestowitz, Asia trade negotiator in the Reagan administration and economic advisor to the Obama campaign, takes an evenhanded view of economic events in this survey of the current fiscal landscape, a survey that is less histrionic than its title suggests and more wide-ranging than the subtitle indicates. He locates the causes of the recent "financial Armageddon" in many areas, including "greed, fraud, regulatory failure, and flawed mathematics," but also notes that the meltdown was long overdue and represents the manifestation of policies that have been weakening the U.S. economy for years. One of the author's bugaboos, mentioned more than once, is the false notion that somehow it's acceptable for the United States to abandon manufacturing. He argues, coherently, that America needs to make more of the things we use and export what we don't. Of course, that puts the United States in direct competition with China, which has the advantage of a command economy that can turn on a dime and which further counts among its assets about $2 trillion. Given that Wal-Mart alone accounts for a massive amount of the trade in cheap goods between China and America, there are many shareholders who would not want to see any change in the state of affairs-including one by which China consumes more of its own production. In the end, Prestowitz urges, U.S. leaders must take greater measures to put our economy into a state of healthfulness, including declaring energy independence, reducing the deficit-for the federal government's financial health "is poor at all levels and likely to get worse"-and making thecorporate tax environment more attractive for multinationals. As with any work of economics, there are dozens of arguments both for and against every plank on Prestowitz's platform. Still, he provides a vigorous, provocative look at some of the possibilities-few pretty-that lie ahead.
Read More Show Less

Product Details

  • ISBN-13: 9781616570910
  • Publisher: Tantor Audio
  • Publication date: 8/28/2010
  • Format: Other

Meet the Author

Clyde Prestowitz is the author of the best selling 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-editorials in the New York Times, Financial Times, 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 is a graduate of Swarthmore College, studied at both the East West Center in Honolulu and Keio University in Tokyo and holds an M.A. from the University of Hawaii as well as an M.B.A. from the Wharton Graduate School of Business. He lives in Washington, D.C.

Read More Show Less

Customer Reviews

Be the first to write a review
( 0 )
Rating Distribution

5 Star


4 Star


3 Star


2 Star


1 Star


Your Rating:

Your Name: Create a Pen Name or

Barnes & Review Rules

Our reader reviews allow you to share your comments on titles you liked, or didn't, with others. By submitting an online review, you are representing to Barnes & that all information contained in your review is original and accurate in all respects, and that the submission of such content by you and the posting of such content by Barnes & does not and will not violate the rights of any third party. Please follow the rules below to help ensure that your review can be posted.

Reviews by Our Customers Under the Age of 13

We highly value and respect everyone's opinion concerning the titles we offer. However, we cannot allow persons under the age of 13 to have accounts at or to post customer reviews. Please see our Terms of Use for more details.

What to exclude from your review:

Please do not write about reviews, commentary, or information posted on the product page. If you see any errors in the information on the product page, please send us an email.

Reviews should not contain any of the following:

  • - HTML tags, profanity, obscenities, vulgarities, or comments that defame anyone
  • - Time-sensitive information such as tour dates, signings, lectures, etc.
  • - Single-word reviews. Other people will read your review to discover why you liked or didn't like the title. Be descriptive.
  • - Comments focusing on the author or that may ruin the ending for others
  • - Phone numbers, addresses, URLs
  • - Pricing and availability information or alternative ordering information
  • - Advertisements or commercial solicitation


  • - By submitting a review, you grant to Barnes & and its sublicensees the royalty-free, perpetual, irrevocable right and license to use the review in accordance with the Barnes & Terms of Use.
  • - Barnes & reserves the right not to post any review -- particularly those that do not follow the terms and conditions of these Rules. Barnes & also reserves the right to remove any review at any time without notice.
  • - See Terms of Use for other conditions and disclaimers.
Search for Products You'd Like to Recommend

Recommend other products that relate to your review. Just search for them below and share!

Create a Pen Name

Your Pen Name is your unique identity on It will appear on the reviews you write and other website activities. Your Pen Name cannot be edited, changed or deleted once submitted.

Your Pen Name can be any combination of alphanumeric characters (plus - and _), and must be at least two characters long.

Continue Anonymously

    If you find inappropriate content, please report it to Barnes & Noble
    Why is this product inappropriate?
    Comments (optional)