Global Class War: How America's Bipartisan Elite Lost Our Future - and What It Will Take to Win It Back

Overview

Acclaim for The Global Class War

"You will never think about 'free trade' the same way after reading Jeff Faux's superb book. As Faux makes clear, the globalization debate is really about whose interests are served by global elites, and how we need to go about reclaiming a democracy that serves ordinary people. This book should transform public discourse in America."
-Robert Kuttner, founding coeditor of the American Prospect and a contributing columnist to BusinessWeek

"Jeff ...

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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

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Overview

Acclaim for The Global Class War

"You will never think about 'free trade' the same way after reading Jeff Faux's superb book. As Faux makes clear, the globalization debate is really about whose interests are served by global elites, and how we need to go about reclaiming a democracy that serves ordinary people. This book should transform public discourse in America."
-Robert Kuttner, founding coeditor of the American Prospect and a contributing columnist to BusinessWeek

"Jeff Faux's astonishing story of how class works will scandalize the best names in Wall Street and Washington-especially the much admired Robert Rubin, who along with other elites colluded behind the backs of ordinary citizens in Mexico, Canada, and the United States. The most cynical Americans will be shocked by the sordid details. This really is an important book."
-William Greider, author of The Soul of Capitalism and Secrets of the Temple

"Globalization is a cover for American imperialism, but the beneficiaries are not the American people at the expense of foreigners but corporate executives at the expense of working-class and poor people wherever they may be. Jeff Faux offers a comprehensive and devastating analysis."
-Chalmers Johnson, author of The Sorrows of Empire

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Editorial Reviews

From the Publisher
* Why, in 1993, did the newly elected Bill Clinton pass the North American Free Trade Agreement, a pro-business measure invented by his political adversaries and opposed by his allies in labor and the environment? The answer, according to Faux, is that Clinton was less devoted to his base than to his fellow elites, rewarding their donations to the Democratic Party with access to Mexico's cheap labor and lax environmental standards. With a fluid grasp of both history and economics, Faux, founder of the Economic Policy Institute, critiques both Democrats and Republicans for protecting transnational corporations "while abandoning the rest of us to an unregulated, and therefore brutal and merciless, global market." Faux describes how free trade and globalization have encouraged businesses to become nationless enterprises detached from the economic well-being of any single country, to the detriment of all but transnational elites. He details the genesis of NAFTA and the failure of the agreement to deliver on its promises to workers, predicting a severe American recession as its legacy. But Faux sees hope for North America in the model of the European Union, a pie-in-the-sky conclusion to this incisive, rancorous book. (Jan.) (Publishers Weekly, November 7, 2005)
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Product Details

  • ISBN-13: 9780470098288
  • Publisher: Turner Publishing Company
  • Publication date: 12/1/2006
  • Edition description: First Edition
  • Edition number: 1
  • Pages: 304
  • Product dimensions: 5.77 (w) x 8.98 (h) x 0.86 (d)

Meet the Author

JEFF FAUX is the founder and former president of the Economic Policy Institute. His articles and commentary have appeared in the Washington Post, the Nation, the New York Times, USA Today, and Harper's.
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Table of Contents

Acknowledgments.

Introduction.

Chapter 1. NAFTA: Class Reunion.

Chapter 2. "Good Jobs" and Other Global Deceptions.

Chapter 3. The Governing Class: America's Worst-Kept Secret.

Chapter 4. How Reagan and Thatcher Stole Globalization.

Chapter 5. A Bipartisan Empire.

Chapter 6. Allan, Larry, and Bob Save the Privileged.

Chapter 7. NAFTA: Who Got What?

Chapter 8. The Constitution According to Davos.

Chapter 9. America Abandoned.

Chapter 10. After the Fall.

Chapter 11. Imagining North America.

Chapter 12. Toward, and Beyond, a Continental Democracy.

Notes.

Index.

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Sort by: Showing all of 4 Customer Reviews
  • Posted February 15, 2011

    I Also Recommend:

    Fine study of globalisation

    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'. In the USA, the ruling class comprises just 50,000 people. The politics of the global economy is a one-party state, the Party of Davos, whose platform is 'enhance the bargaining position of corporate capital in the global economy'. Faux writes, "The WTO [World Trade Organization] restricts governments' ability to regulate the behavior of multinational business and weakens the public sector's capacity to provide protections and services for its citizens. The core principle of the WTO is not free trade among sovereign states. It is, as Peter Sutherland, GATT director, said in 1994, that in every state, 'Governments should interfere in the conduct of the economy as little as possible.'" A WTO official told the Financial Times in 1998 that the WTO is 'the place where governments collude in private against their domestic pressure groups' - really, against their peoples. 90 per cent of Americans, when asked if they were lower, middle or upper class, replied middle. If they were offered working class as an option, 45 per cent said they were working class. But professional people's incomes also depend on their work, not on their dividends; they are working class too. Also, the less equal a society, the less social mobility there is. Elaine Bernard, director of Harvard's Trade Union Program, pointed out, "The boss cannot fire you because of your race. He cannot fire you because of your gender. He cannot fire you because of your sexual preference or your disability. He can just fire you for no reason at all." After joining NAFTA [the North American Free Trade Agreement], Mexico's GDP per head fell 9 per cent in 1995, wages fell by 16 per cent and business investment by almost a third. Unemployment doubled. 500,000 Mexicans were forced to emigrate every year. Education, health and social services were slashed. It was 'the steepest economic crash since the Great Depression'. Dani Rodrik observed, "No widely accepted model attributes to postwar trade liberalization more than a tiny fraction of the increased prosperity of advanced industrial countries." Faux notes, "The NAFTA financial model - liberalization of trade and finance leading to a speculative bubble, a subsequent crash, and the protection of investors from the consequences of their own actions - was repeated in various forms in the 1990s throughout the global markets in Thailand, Brazil, Bolivia, South Korea, Indonesia, Russia, and Argentina." The head of the WTO called NAFTA the template for the 'constitution' of the world economy. So it is no surprise that when ruling classes imposed this model worldwide, it caused the global crash. Capitalist governments' love of finance capital and contempt for production allowed free-for-all buying and selling of industry and land for huge profits. For example, the EU Constitution has 174 references to economic competitiveness, 78 to markets and just 3 to social protections. The world's ruling classes are abandoning their countries. We need to take responsibility for our country, rebuild our economy, develop and protect our industry and agriculture, make it and grow it here.

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  • Anonymous

    Posted April 4, 2006

    Scary Stuff

    Jeff Faux has done a masterful job at outlining what has become of our economy and where it may be headed if we don't pay attention.The book is full of really interesting and well researched facts re: our economy from the administrations of Jimmy Carter right thru 'W.' Faux shows clearly how each administration 'twists' from within or gets 'twisted' from without by the corporate elite to suit their own chosen policies. This one really makes you think! Occasionally, Faux gets passionate in the book, but by the end of it, he will have his readers feeling the same way.Scary stuff !

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  • Anonymous

    Posted March 30, 2006

    You Must Read This Book

    Jeff Faux tells the story of the class warfare that the rich have been waging against the working class for the last quarter century. It is an extremely depressing story. At the end of the book he offers a solution which is unrealistic.

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  • Anonymous

    Posted April 24, 2012

    No text was provided for this review.

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