The Unfair Trade How Our Broken Global Financial System Destroys the Middle Class A wake up call for middle class Americans who feel trapped in a post crisis economic slump The Unfair Trade is a riveting expos of the vast global financial system whose flaws are the source of our e

  • Title: The Unfair Trade: How Our Broken Global Financial System Destroys the Middle Class
  • Author: Michael J. Casey
  • ISBN: 9780307885302
  • Page: 100
  • Format: Hardcover
  • A wake up call for middle class Americans who feel trapped in a post crisis economic slump, The Unfair Trade is a riveting expos of the vast global financial system whose flaws are the source of our economic malaise Our livelihoods are now, than ever, beholden to the workings of its imbalances and inequities The trillions of dollars that make up the flow of internaA wake up call for middle class Americans who feel trapped in a post crisis economic slump, The Unfair Trade is a riveting expos of the vast global financial system whose flaws are the source of our economic malaise Our livelihoods are now, than ever, beholden to the workings of its imbalances and inequities The trillions of dollars that make up the flow of international finance money that is often steered away from the people who deserve it the most have not just undermined the lives of working and middle class Americans It is a world wide phenomenon that is changing the culture of Argentina destroying the factory system in Northern Mexico, enabling drug cartels to recruit thousands of young men into their gangs that has taken down the economies of Iceland, Ireland, Spain, Greece, and possibly Italy and is driving American companies such as a 60 year old family owned manufacturer of printed circuit boards to shutter all but one of its factories Veteran journalist Michael Casey has traveled the world from China to Iceland, Spain to Argentina, Indonesia to Australia recounting extraordinary stories about ordinary people from one continent to another whose lives are inextricably linked By tracing the flow of money and goods across the world, he illustrates how an American homeowner s life is shaped by the same economic and social policies that determine those of a low wage migrant worker on an assembly line in China This combination of financial acumen, narrative driven reporting, and compelling story telling gives The Unfair Trade a unique human angle Casey shows that our economic problems are largely caused by political agendas that prevent the free market from encouraging fair competition and impeding the allocation of resources Until governments work together to make this global system efficient until China removes incentives for its citizens to save excessively, for example, or the U.S ends the de facto subsidies enjoyed by politically powerful banks the global playing field will remain lopsided, job creation will lag, and our economies will be vulnerable to new crises.

    • ☆ The Unfair Trade: How Our Broken Global Financial System Destroys the Middle Class || ↠ PDF Read by ✓ Michael J. Casey
      100 Michael J. Casey
    • thumbnail Title: ☆ The Unfair Trade: How Our Broken Global Financial System Destroys the Middle Class || ↠ PDF Read by ✓ Michael J. Casey
      Posted by:Michael J. Casey
      Published :2019-01-19T00:02:58+00:00

    One thought on “The Unfair Trade: How Our Broken Global Financial System Destroys the Middle Class”

    1. This is just another book about how much it is very corrupted and corruptible our monetary system and how much this would affect the normal guy like you and me.

    2. Books dealing with economic issues always challenge me. To me, they tend to be dry, academic, mundane. Yet economic issues affect us all, so having an understanding of the issues is important. So I continue to try reading various books on the economy in an attempt to better understand today's economic issues, e.g the economic collapse of Wall Street and the U.S. economy in 2008, why the Bush Administration authorized the Troubled Asset Relief Program (TARP) to bail out Wall Street and Chrysler & [...]

    3. Michael J. Casey does something few economists have endeavored to do by going beyond America to capture the truly global nature of the economy.Moving beyond America's shores, Casey travels to such diverse locales as Juarez Mexico, Iceland, the mines of Southern Australia and Peru, and the cattle ranches of Argentina to illustrate how the inequality of the global financial system with its' inequalities enriches one group of people in one location, wealthy, while making localized populations impov [...]

    4. Incredibly educational - I learned an immense amount even after devouring all of Michael Lewis' recent novels (The Big Short, Boomerang, Flash Boys). This is a must read to understand the current instability creeping into our society.

    5. Anyone, especially those in the middle class, anywhere in the world will gain important insights from this book. For those of us who are accustomed to good vs. evil, black and white thinking—the way most members of the American middle class have been conditioned to think by the mega-monied .001%—this book will be quite a challenge to read.In the first chapters of this book, I had my eyes opened to decisions that were made going as far back as the Nixon administration that have had a deleteri [...]

    6. A wake-up call for middle class Americans who feel trapped in a post-crisis economic slump, The Unfair Trade is a riveting exposé of the vast global financial system whose flaws are the source of our economic malaise. Our livelihoods are now, more than ever, beholden to the workings of its imbalances and inequities.The trillions of dollars that make up the flow of international finance—money that is often steered away from the people who deserve it the most—have not just undermined the live [...]

    7. An amazing perspective and analysis on the present broken and dysfunctional global trade and financial systems This author has captured the facts and somehow linked them with actual events and turns in economies which took place to show that his theory and his hypothesis is true There is a lot of China here in this book, rightfully so because they have been one of the main drivers of growth in the last decade Additionally US based economy and financial systems which have allowed for growth This [...]

    8. This is quite a good book looking at the global effect of "unfair trade". Quite a lot of China-bashing. It appears as though that everything is China's fault. From the huge loads of debt of America, to the uncompetitiveness of Indonesia, to the Dutch disease affecting the mining areas near Perth, it is ALL China's fault. Still it is comprehensive in its view. Problem is, China will do what it will do- to develop its economy, even if they have to build empty condominiums just to tear them down la [...]

    9. Unsubstantiated theories. I expected much better of Casey.His theories are attractive to the One World crowd and perhaps he's right. But there is no evidence he is, as he never really considers any alternatives no deep thought on what causes our current financial problems, and no consideration of options to get out of it.Instead we are treated to a sequence of tragic figures who were hurt by the mortgage crisis, or enslaved by the Chinese government etc. Followed by Casey's views on globalizatio [...]

    10. A must-read book for those who want to understand why the US and European middle classes were destroyed by our 2-speed bifurcated economy and some possible solutions for the future.If Donald Trump read books, this would be a good book for him to read to see what will work to help American workers (increased infrastructure spending, reducing social security to reduce burden on younger generation) and what will be a disaster to the economy (tax cuts, trade war with China, deregulation, reducing im [...]

    11. A fairly broad, but still thorough, look at the effect of recent years on the global 'middle class'. I liked the view of other countries, and their current economic status, and how that changes what happens (or what could happen) in the US. A great first book for me to read with 'global economic primer' as the goal.

    12. Casey explains China's role in the global financial crisis but neglects to mention the Federal Reserves corrupt policies almost to the point of being apologetic to the big banks. The author will come very close at times to condemning the monetary policy of the United States but then quickly offer reasons why corruption is necessary.

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