Trade Wars Are Class Wars
How Rising Inequality Distorts the Global Economy and Threatens International Peace
Matthew C. Klein
Discover how today's trade conflicts are caused by governments favoring the interests of the elite over workers in this powerful examination of rising inequality. Authors Matthew C. Klein and Michael Pettis trace the origins of current trade wars to decisions made by politicians and business leaders in China, Europe, and the United States. As the rich prosper, workers are unable to afford what they produce, lose their jobs, or face higher levels of debt. This thought-provoking read challenges mainstream views and offers a cohesive narrative on how class wars are a threat to the global economy and international peace.
2020-08-19T19:31:34.000ZThis is a point @M_C_Klein has made well (and you should buy his book Trade Wars Are Class Wars): China really is an example of trickle-down economics. China’s tax system is extremely regressive, and almost all of the government's subsidies go to the rich/well connected. – source