Writing on the Wall

In his latest take on global geopolitics, the economics editor of The Guardian performs an ambitious dissection of U.S. and Chinese economic policy, sounding the alarm that "the implications could not be more profound" should Western superpowers fail to shape China into a workable model of democracy and enlightenment. Delving into the 3,000 year history of the Chinese, Hutton introduces readers to Confucius and Mao, the rise of Chinese Communism and the political experiments that have left the Chinese economy "in an unstable halfway house-an economy that is neither socialist nor properly capitalist run by a party that is neither revolutionary nor subject to the normal constitutional checks and balances of even China's own Confucian past." The big questions-of how much longer the Communist party can deliver economically, of where the world will head if U.S. protectionism triumphs in painting the East as an enemy-are brilliantly analyzed, with an eye toward maximizing gain for all players: despite the fact that the U.S.'s "strategic trade policy-openness-is being exploited by a potential superpower rival," Hutton looks to the history of the U.S. to explain why, "if it can stay open, the U.S. will be rewarded by the ultimate achievement of transforming communist China and growing richer at the same time." This book pushes back from the center against those who see globalization as "a juggernaut threatening to carry us all away either to a free market nirvana-or hades" with sound historical overview and a rational call for economic pragmatism.
Copyright © Reed Business Information, a division of Reed Elsevier Inc. All rights reserved.