April 25, 2008
Globalization. The Flat World. Outsourcing. Free Trade. Each of these phrases is a flashpoint in one of the most heated debates of our lifetime: 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?
In The War for Wealth, leading intellectual and agenda-setting journalist Gabor Steingart examines how globalization has affected the state of the world’s economy and returns with a bleak outlook for the West: our prosperity and wealth are disappearing faster than ever, and with them our political power and long-held democratic ideals. But all is not lost; we can still stem the flow of capital and jobs, and once again restore the West to its respected position of global leader in economics and politics.
In this eye-opening and dramatic account, Steingart lays out the three political scenarios the world faces – a “shock scenario,” in which there is a global economic crash; an “Asia-over-all scenario,” where the rising economies of Asia completely overtake the West; or the “American renaissance scenario,” in which U.S. politicians unite with each other and with Europe, forming a pragmatic third way to bring the West back from the brink of destruction.
Compelling, controversial, and thought-provoking, The War for Wealth alerts readers to the crucial state of the Western economy – and shows how leaders can return the West to its position of power in the global arena.
Gabor Steingart is an internationally bestselling author and the senior correspondent for Der Spiegel in Washington D.C., where he lives with his family. He has been awarded the Economic Writer of the Year Award in Germany, and in 2007 he won the Helmut Schmidt Award for Advanced Journalism. His op-ed pieces are published in the Wall Street Journal and European Affairs. Steingart’s weekly column “West Wing – The Battle for the White House” appears on Spiegel Online and on RealClearPolitics.com.
To reach the author and join the discussion, visit gaborsteingart.com.