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Sep 14, 2011

The War for Wealth: The True Story of Globalization, or Why the Flat World is Broken

War for Wealth is a provocative book written by Gabor Steingart, a Germany journalist. He begins the book by comparing two experts on globalization. Naomi Klein, a Canadian authored The Shock Doctrine: The Rise of Disaster Capitalism has been skeptical of globalization.
 Henry Paulson argued Globalization is doing the West good, a view that Klein didn’t share. Is globalization a force for good, or is it a policy that is sure to destroy the economic foundation of the United States and Europe while exporting our wealth and prosperity overseas? He probably answers Yes. He wrote Globalization was striking back.
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The rest of the world is on the rise as the West is on decline. He criticized the ways Americans see the Globalization. US investors are moving to other countries contributing to unemployment and social crises in America. And one needs to buck the trend.
At the same time, he praises Germany’s growth model, giving labor union and middle class workers sustained purchasing power. Germany government sees the globalization as an opportunity rather than an exit strategy. The middle class in Germany is given more attention that one in the United States.
I don’t agree with some of his ideas. Anyway, his book is very though provoking. Just don’t want to point out our differences because I’m writing a review only. You guys can download for free. Just click on the pic located on the right side. You might want to click on ad below.