12 June 2006

The Global Class War: How America's Bipartisan Elite Lost Our Future, and What It Will Take to Win It Back

The Global Class War: How America's Bipartisan Elite Lost Our Future, and What It Will Take to Win It Back: "Why is America's governing class so indifferent to the fate of its people? In his provocative new book, The Global Class War, economist Jeff Faux argues that now that they can find workers and investment opportunities elsewhere, America's rich and powerful are abandoning the social contract that until recently had united the economic interests of all Americans.
Faux explains how globalization is creating a new global political elite—'The Party of Davos'—who have more in common with each other than with their fellow citizens. Their so-called trade agreements (like NAFTA) and the World Trade Organization act as a global constitution that protects only one kind of citizen—the corporate investor. The inevitable result will be a drop in American living standards that will have dramatic political consequences. Faux concludes with an original strategy for bringing democracy to the global economy beginning with a social contract for North America"

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