After the fall of the Soviet Union and its global empire, most observers assumed that the seventy-year argument that socialism was superior to capitalism was over. Socialism in its various forms—Communism, Maoism, National Socialism, and more—had left such a legacy of tyranny, war, mass murder, and human misery, that few could imagine a world where young people would once again embrace the discredited ideas of Marx and his heirs. And yet, here we are in twenty-first-century America. Proponents of “Democratic Socialism” find themselves, inexplicably, darlings of the media and political classes. The People Versus Socialism is a powerful historical corrective—a reminder to those who have forgotten (or who never learned) the enormous toll socialism laid upon humanity throughout the twentieth century. This dangerous economic and social system left untold millions dead, billions mired in war and poverty, and the entire world under constant threat from ideologically driven tyrants and dictators. The indictment is clear—and the implications of ignoring history are frightening.
An example of special interest protection is provided by this study's general equilibrium theory that explains income distribution with goods markets, factor markets, lobbies, political parties and voters all pursuing their self interests.
The modern-day Chinese and U.S. economies have been locked in an uncomfortable embrace since the late 1970s. Although the relationship was built on a set of mutual benefits, in recent years it has taken on the trappings of an unstable co-dependence. This insightful book lays bare the pitfalls of the current China-U.S. economic relationship, highlighting disputes over trade policies and intellectual property rights, sharp contrasts in leadership styles, the role of the Internet, and the political economyof social stability. Stephen Roach, a firsthand witness to the Asian financial crisis of the late 1990s and an economics expert who likely knows more about U.S.-China trade than any other Westerner, details how the two economies mirror one another. Co-dependency augments the tensions and suspicions between the two nations, but there is reason to hope for less antagonism and rivalry, the author maintains. In the wake of the 2008 financial crisis, both economies face structural changes that present opportunities for mutual benefit. Roach describes a way out of the escalating tensions of co-dependence and insists that the Next China offers much for the Next America--and vice versa"--
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