The Evil Axis of Finance: The US-Japan-China Stranglehold on the Global Future
Why, despite the existence of raft of potential international investment outlets, is a major share of global wealth and savings mpelled toward a United States (US) Wall Street centered casino ? Why has an increasingly gapping chasm crystallized between ever bloating global financial activities and the "real" world economy of production and trade? How is it that wealthy governments'injecting trillions of dollars into stumbling financial sectors across the globe is failing to create new decent jobs? The present volume clearly answers these questions and more as it connects the dots linking the 2008 meltdown and over a decade of dress rehearsals for it to a rigged global financial game that cemented US international dominance under conditions where the US simultaneously attained the status of world's principal debtor economy. It traces out the complicity of Japan in the game beholden as it was to US anti-communist largesse for its meteoric post-war rise. It examines how China, the former communist Cold War nemesis, paradoxically became the next major underwriter of US debt and exporter of global deflation as is sets low wage rates for the world. The present volume clearly answers these questions and more as it connects the dots linking the 2008 meltdown and over a decade of dress rehearsals for it to a rigged global financial game that cemented US international dominance under conditions where the US simultaneously attained the status of world's principal debtor economy. It traces out the complicity of Japan in the game beholden as it was to US anti-communist largesse for its meteoric post-war rise. It examines how China, the former communist Cold War nemesis, paradoxically became the next major underwriter of US debt and exporter of global deflation as is sets low wage rates for the world.
1103167608
The Evil Axis of Finance: The US-Japan-China Stranglehold on the Global Future
Why, despite the existence of raft of potential international investment outlets, is a major share of global wealth and savings mpelled toward a United States (US) Wall Street centered casino ? Why has an increasingly gapping chasm crystallized between ever bloating global financial activities and the "real" world economy of production and trade? How is it that wealthy governments'injecting trillions of dollars into stumbling financial sectors across the globe is failing to create new decent jobs? The present volume clearly answers these questions and more as it connects the dots linking the 2008 meltdown and over a decade of dress rehearsals for it to a rigged global financial game that cemented US international dominance under conditions where the US simultaneously attained the status of world's principal debtor economy. It traces out the complicity of Japan in the game beholden as it was to US anti-communist largesse for its meteoric post-war rise. It examines how China, the former communist Cold War nemesis, paradoxically became the next major underwriter of US debt and exporter of global deflation as is sets low wage rates for the world. The present volume clearly answers these questions and more as it connects the dots linking the 2008 meltdown and over a decade of dress rehearsals for it to a rigged global financial game that cemented US international dominance under conditions where the US simultaneously attained the status of world's principal debtor economy. It traces out the complicity of Japan in the game beholden as it was to US anti-communist largesse for its meteoric post-war rise. It examines how China, the former communist Cold War nemesis, paradoxically became the next major underwriter of US debt and exporter of global deflation as is sets low wage rates for the world.
22.0 In Stock
The Evil Axis of Finance: The US-Japan-China Stranglehold on the Global Future

The Evil Axis of Finance: The US-Japan-China Stranglehold on the Global Future

by Richard Westra
The Evil Axis of Finance: The US-Japan-China Stranglehold on the Global Future

The Evil Axis of Finance: The US-Japan-China Stranglehold on the Global Future

by Richard Westra

eBook

$22.00 

Available on Compatible NOOK devices, the free NOOK App and in My Digital Library.
WANT A NOOK?  Explore Now

Related collections and offers

LEND ME® See Details

Overview

Why, despite the existence of raft of potential international investment outlets, is a major share of global wealth and savings mpelled toward a United States (US) Wall Street centered casino ? Why has an increasingly gapping chasm crystallized between ever bloating global financial activities and the "real" world economy of production and trade? How is it that wealthy governments'injecting trillions of dollars into stumbling financial sectors across the globe is failing to create new decent jobs? The present volume clearly answers these questions and more as it connects the dots linking the 2008 meltdown and over a decade of dress rehearsals for it to a rigged global financial game that cemented US international dominance under conditions where the US simultaneously attained the status of world's principal debtor economy. It traces out the complicity of Japan in the game beholden as it was to US anti-communist largesse for its meteoric post-war rise. It examines how China, the former communist Cold War nemesis, paradoxically became the next major underwriter of US debt and exporter of global deflation as is sets low wage rates for the world. The present volume clearly answers these questions and more as it connects the dots linking the 2008 meltdown and over a decade of dress rehearsals for it to a rigged global financial game that cemented US international dominance under conditions where the US simultaneously attained the status of world's principal debtor economy. It traces out the complicity of Japan in the game beholden as it was to US anti-communist largesse for its meteoric post-war rise. It examines how China, the former communist Cold War nemesis, paradoxically became the next major underwriter of US debt and exporter of global deflation as is sets low wage rates for the world.

Product Details

ISBN-13: 9780985271091
Publisher: SCB Distributors
Publication date: 03/01/2012
Sold by: Barnes & Noble
Format: eBook
File size: 1 MB

About the Author

Richard Westra 's teaching has taken him around the world including Queen's University and Royal Military College, Canada, the International Study Centre, in East Sussex, College of The Bahamas, Nassau and Pukyong National University, South Korea. He has been a Visiting Research Fellow at Focus on the Global South/Chulalongkorn University Social Research Institute, Bangkok, Thailand. Currently he is Designated Associate Professor of Political Science, Graduate School of Law, Nagoya University, Japan. His work has been published in numerous international academic journals. He has authored and edited ten books including Political Economy and Globalization, Routledge, 2009 and Confronting Global Neoliberalism: Third World Resistance and Development Strategies, Clarity Press, 2010.

Read an Excerpt

In 2006-7 through the darkest days of the 2008-9 meltdown into this second decade of the 21st century, waves of financial and systemic crises have swept the world. First came trillions of dollars in emergency first aid for "victims” - Wall Street's private multinational banks and financial intermediaries, insurance companies and mortgage lenders, as well as assorted non-financial multinational corporations. Second, the blame game: Was it the fault of snoozing regulators, rating agency conflict of interest, a "shadow banking system” of derivatives traders, delusions of ivy league "quants”, Ponzi-scheming criminals, or some combination of them? Third, were surveys of spreading mass public trauma: collapse of local banks, burgeoning personal debt peonage, increasing homelessness and spiraling unemployment in the US and elsewhere. ..But, as entertaining a read as the m

Table of Contents

Introduction 15

Chapter 1 The "Free World" Design for Prosperity 29

Constituents of a New Real Economy 31

The Golden Age Algorithm 47

Chapter 2 Japan and China in the Future Perfect Tense 50

Anticommunism and the Rebirth of Japan in the "Free World" 52

"Free World" Exclusion and the Rise of Mao Zedong China 60

Chapter 3 From Golden Age to Globalization 71

What Goes Up 72

The US at the Global Crossroads, But Hardly Sinking Down 80

Chapter 4 Idle Money is the Devil's Playground 93

"Resident Evil" 97

"Fists Full of Dollars" 106

Chapter 5 Rotating Meltdowns 115

"Banksta's Paradise" 120

"For a Few Dollars More" 135

Chapter 6 The Chains of China 146

The Chinese Connection 150

Charles Dickens Meets Henry Ford at the Pearl River Delta 161

Red Queen, White Queen 165

Chapter 7 The Armageddon Trifecta 174

The Tea Party is Over 181

The End of Food 197

No "Day After Tomorrow" 204

Conclusion: Whither The Exits? 209

Endnotes 213

Index 240

From the B&N Reads Blog

Customer Reviews