Books, Music & Video
Dangerous Business by Pat Choate
- Item Number
- 1125
- Estimated Value
- 16 USD
- Sold
- 5 USD to ca208369b
- Number of Bids
- 1 - Bid History
Item Description
The winner will receive Dangerous Business.
in Washington, a wake-up call about the perils of unfettered globalization. In
this impassioned, prescient book, Pat Choate shows us that while increased
worldwide economic integration has some benefits for our fiscal efficiency, it
also creates dependencies, vulnerabilities, national security risks, and social
costs that now outweigh its advantages. He takes the long view of developments
such as technology-driven progress, the offshoring of jobs, and open trade,
arguing that current U.S. policies are leading to worldwide economic and
political instability, in much the same way as before the Great
Depression.
Choate writes convincingly about the Defense Department’s
growing dependence on foreign sources for its technologies, the leasing of parts
of our interstate highway system to overseas investors, China’s economic
mercantilism, and international currency manipulation that damages the dollar.
We have been borrowing heavily from foreign lenders, who by 2009 will own more
than half of the Treasury debt, a third of U.S. corporate bonds, and a sixth of
U.S. corporate assets—all of which, if handled improperly, could trigger a
global economic collapse.
But our economic forecast need not be dire.
Choate sees a way out of these dilemmas and presents politically viable steps
the United States can take to remain sovereign, prosperous, and secure. He
presents bold new research that identifies the special interests and structural
corruption that have overtaken our democracy—and shows how they can be
corrected. He illustrates how our policy-making and legislative process,
currently beholden to the highest bidder, can be transformed from one of
corporatism and elitism into one of greater transparency. Clear-eyed and
persuasive, this is sure to be one of the most widely discussed books of the
year.
Item Special Note
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