The Global Class War

The Global Class War

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

Book - 2006
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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
Publisher: Hoboken, N.J. : Wiley, c2006
ISBN: 9780471697619
Branch Call Number: 305.5 FAUX
Characteristics: xii, 292 p. ; 25 cm

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Apr 11, 2013

Great book, only on one or two points does Jeff falter (he may not fully understand the greatest historic entitlement program: the "right" to create the money). [FYI historical update: In 2013, the Mexican government attempted to extradite Ernesto Zedillo, the former Mexican president who had signed NAFTA, but the US government turned down their request, so Zedillo continues at his employment with Yale University. Zedillo, after the passage of NAFTA, which made it legal for Mexican banks to be foreign owned (for the first time), out of the blue decides to float the Mexican currency, the peso, which allows it to be arbitraged downwards, so that within the year, over 90% of Mexican banks are foreign-owned, and that lower value peso made it much cheaper to buy them! In the context of this book's title, it is important to understand that Zedillo is a member of the Group of Thirty, an international economis group speaking on behalf of the central banks and speculators. Also members of G30 are Larry Summers, (our last treasury secretary) Timothy Geithner, Stanley Fischer (our next vice chairman of the Federal Reserve) Mario Draghi, Jean-Claude Trichet, et cetera, et cetera. ]


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