Michael Pettis

Matthew C. Klein

"This is a very important book."--Martin Wolf, Financial TimesA provocative look at how today's trade conflicts are caused by governments promoting the interests of elites at the expense of workers Longlisted for the 2020 Financial Times & McKinsey Business Book of the Year Award "Worth reading for [the authors'] insights into the history of trade and finance."--George Melloan, Wall Street Journal Trade disputes are usually understood as conflicts between countries with competing national interests, but as Matthew C. Klein and Michael Pettis show, they are often the unexpected result of domestic political choices to serve the interests of the rich at the expense of workers and ordinary retirees. Klein and Pettis trace the origins of today's trade wars to decisions made by politicians and business leaders in China, Europe, and the United States over the past thirty years. Across the world, the rich have prospered while workers can no longer afford to buy what they produce, have lost their jobs, or have been forced into higher levels of debt. In this thought-provoking challenge to mainstream views, the authors provide a cohesive narrative that shows how the class wars of rising inequality are a threat to the global economy and international peace--and what we can do about it.

How Rising Inequality Distorts the Global Economy and Threatens International Peace

Trade Wars are Class Wars

A provocative look at how today’s trade conflicts are caused by governments promoting the interests of elites at the expense of workers Trade disputes are usually understood as conflicts between countries with competing national interests, but as Matthew C. Klein and Michael Pettis show in this book, they are often the unexpected result of domestic political choices to serve the interests of the rich at the expense of workers and ordinary retirees. Klein and Pettis trace the origins of today’s trade wars to decisions made by politicians and business leaders in China, Europe, and the United States over the past thirty years. Across the world, the rich have prospered while workers can no longer afford to buy what they produce, have lost their jobs, or have been forced into higher levels of debt. In this thought-provoking challenge to mainstream views, the authors provide a cohesive narrative that shows how the class wars of rising inequality are a threat to the global economy and international peace—and what we can do about it.

Trade Wars Are Class Wars

On considère le plus souvent les guerres commerciales comme le résultat d'un leadership atavique ou d'intérêts économiques opposés d'États-nations concurrents. Or elles sont plutôt les symptômes malins et inattendus de choix politiques nationaux qui ont avantagé les élites au détriment des autres et creusé les inégalités. En dressant le panorama des principaux changements survenus dans l'économie mondiale au cours des dernières décennies, les auteurs démontrent que les guerres commerciales actuelles sont le fruit des décisions prises par les politiciens et les chefs d'entreprise en Chine, en Europe et aux États-Unis au cours des trente dernières années. Véritable défi lancé à la pensée dominante, une lecture essentielle et iconoclaste pour comprendre la politique internationale, les inégalités et l'avenir du système monétaire mondial.

Matthew C. Klein

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