BKMT READING GUIDES

The Unfair Trade: How Our Broken Global Financial System Destroys the Middle Class
by Michael Casey

Published: 2012-05-29
Hardcover : 416 pages
0 members reading this now
1 club reading this now
0 members have read this book
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 ...
No other editions available.
Add to Club Selections
Add to Possible Club Selections
Add to My Personal Queue
Jump to

Introduction

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 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 more 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.

Editorial Review

No editorial review at this time.

Excerpt

No Excerpt Currently Available

Discussion Questions

No discussion questions at this time.

Notes From the Author to the Bookclub

No notes at this time.

Book Club Recommendations

Member Reviews

Overall rating:
 
There are no user reviews at this time.
Rate this book
MEMBER LOGIN
Remember me
BECOME A MEMBER it's free

Join the leading website for book clubs with over 35,000 clubs and 20,000 reading guides.

SEARCH OUR READING GUIDES Search
Search
FEATURED EVENTS
PAST AUTHOR CHATS
JOIN OUR MAILING LIST

Get free weekly updates on top club picks, book giveaways, author events and more
Please wait...