A sharp, well-written work of political economy.
Pity the poor think-tanked neocons: Just a moment ago, the talk was of empire and the new world order, and now, it seems, America’s day in the sun is about to grow cold.
Newsweek International editor Zakaria (The Future of Freedom: Illiberal Democracy at Home and Abroad, 2003, etc.), born in India and a longtime resident of New York, seems unconcerned that his adopted country is sailing down the tubes: “This is a book not about the decline of America but rather about the rise of everyone else.” He enumerates: Macao takes in more gambling revenue than Las Vegas, the biggest Ferris wheel in the world is in Singapore, Bollywood has surpassed Hollywood. Even as the global population grows, the number of those living in extreme poverty is falling, at least in three-quarters of the world’s nations. Even after 9/11, the author notes, the world economy “grew at its fastest rate in nearly four decades.” Inflation exceeds 15 percent only in a dozen-odd failed states such as Burma and Zimbabwe, and fewer and fewer people are dying in wars or spasms of political violence than ever. That all should be good news to globalists, and it’s comforting to know, as Zakaria helpfully points out, that Iran spends less than a penny for every dollar we spend on the military. Yet the United States has dawdled, economically speaking, as China, India and other nations have skyrocketed. It helps, Indians note, that the Chinese government, the commander of that nation’s command economy, hasn’t really had to respond to public opinion, though even that is changing. The good news? By Zakaria’s account, America’s strength will lie in freedom and diversity—and the post-American era may not last all that long, since America’s population is growing, and growing younger, while the demographics of Asia and Europe are largely pointing to older populations and, in time, fewer workers.
A sharp, well-written work of political economy.Pub Date: May 5, 2008
ISBN: 978-0-393-06235-9
Page Count: 288
Publisher: Norton
Review Posted Online: May 19, 2010
Kirkus Reviews Issue: March 1, 2008
BOOK REVIEW
BOOK REVIEW
BOOK REVIEW
For Howard Zinn, long-time civil rights and anti-war activist, history and ideology have a lot in common. Since he thinks that everything is in someone's interest, the historian—Zinn posits—has to figure out whose interests he or she is defining/defending/reconstructing (hence one of his previous books, The Politics of History). Zinn has no doubts about where he stands in this "people's history": "it is a history disrespectful of governments and respectful of people's movements of resistance." So what we get here, instead of the usual survey of wars, presidents, and institutions, is a survey of the usual rebellions, strikes, and protest movements. Zinn starts out by depicting the arrival of Columbus in North America from the standpoint of the Indians (which amounts to their standpoint as constructed from the observations of the Europeans); and, after easily establishing the cultural disharmony that ensued, he goes on to the importation of slaves into the colonies. Add the laborers and indentured servants that followed, plus women and later immigrants, and you have Zinn's amorphous constituency. To hear Zinn tell it, all anyone did in America at any time was to oppress or be oppressed; and so he obscures as much as his hated mainstream historical foes do—only in Zinn's case there is that absurd presumption that virtually everything that came to pass was the work of ruling-class planning: this amounts to one great indictment for conspiracy. Despite surface similarities, this is not a social history, since we get no sense of the fabric of life. Instead of negating the one-sided histories he detests, Zinn has merely reversed the image; the distortion remains.
Pub Date: Jan. 1, 1979
ISBN: 0061965588
Page Count: 772
Publisher: Harper & Row
Review Posted Online: May 26, 2012
Kirkus Reviews Issue: Jan. 1, 1979
BOOK REVIEW
BOOK REVIEW
BOOK REVIEW
Occasionally wonky but overall a good case for how the dismal science can make the world less—well, dismal.
“Quality of life means more than just consumption”: Two MIT economists urge that a smarter, more politically aware economics be brought to bear on social issues.
It’s no secret, write Banerjee and Duflo (co-authors: Poor Economics: A Radical Rethinking of the Way To Fight Global Poverty, 2011), that “we seem to have fallen on hard times.” Immigration, trade, inequality, and taxation problems present themselves daily, and they seem to be intractable. Economics can be put to use in figuring out these big-issue questions. Data can be adduced, for example, to answer the question of whether immigration tends to suppress wages. The answer: “There is no evidence low-skilled migration to rich countries drives wage and employment down for the natives.” In fact, it opens up opportunities for those natives by freeing them to look for better work. The problem becomes thornier when it comes to the matter of free trade; as the authors observe, “left-behind people live in left-behind places,” which explains why regional poverty descended on Appalachia when so many manufacturing jobs left for China in the age of globalism, leaving behind not just left-behind people but also people ripe for exploitation by nationalist politicians. The authors add, interestingly, that the same thing occurred in parts of Germany, Spain, and Norway that fell victim to the “China shock.” In what they call a “slightly technical aside,” they build a case for addressing trade issues not with trade wars but with consumption taxes: “It makes no sense to ask agricultural workers to lose their jobs just so steelworkers can keep theirs, which is what tariffs accomplish.” Policymakers might want to consider such counsel, especially when it is coupled with the observation that free trade benefits workers in poor countries but punishes workers in rich ones.
Occasionally wonky but overall a good case for how the dismal science can make the world less—well, dismal.Pub Date: Nov. 12, 2019
ISBN: 978-1-61039-950-0
Page Count: 432
Publisher: PublicAffairs
Review Posted Online: Aug. 28, 2019
Kirkus Reviews Issue: Sept. 15, 2019
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