Trade Wars Are Class Wars

How Rising Inequality Distorts the Global Economy and Threatens International Peace

288 pages

English language

Published Jan. 18, 2020 by Yale University Press.

ISBN:
9780300244175

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4 stars (2 reviews)

1 edition

wonky but clear enough

3 stars

Clearly titled, global financial crises and gluts are not primarily due to rational investor pursuit of productive capacity but excesses of central bank liquidity, capital mobility, and savings by elites (that is, depressing wages and consumption domestically), and trade imbalances are pulled by foreign demand for investment/assets inexorably. Convincing data and histories, though the writing often jumps to details before giving the point.