Economist editor-in-chief Emmott assays the upcoming 88 years in terms of survival of the world as we know it.
As he showed in his prescient Japanophobia (1993), the author can think like an economist while writing like a journalist—clean, jargon-free prose—and possibly chew gum at the same time. In this effort he suggests (even journalists hedge) answers to two principal questions: Will the US maintain world leadership and continue to keep the peace? And will Capitalism’s benefits outweigh its inevitable downturns to the point where it prevails and spreads? He concludes there’s cause for “paranoid optimism” on both counts, but it’s the application of the economist’s mindset that really makes the exercise worthwhile. In this milieu, the daily headlines and alarums of mass media mean nothing; it’s the long view that counts, the author asserts, and the century from which we have just emerged gave us a wealth of negative examples in intertwined economics and geopolitics not to live by. Economists love stability, it seems, and don’t see any alternative to the benevolent world dictatorship of a dominant power. For example, Emmott agrees that the September 11th attacks were a bona fide tragedy and a horrendous terrorist act, yet it provided the device (he likes the term “prism”) the US needed to focus its military might with “absolute clarity of purpose.” One can almost see in the author’s mind future historians referring to 9/11, like Pearl Harbor, as a “strategic victory.” Poverty and pestilences that give rise to contentious nationalism are the economists’ bugbears. And they actually fidget, Emmott suggests, over things like the rape of a local woman in the vicinity of an overseas base by an American serviceman; a few more of those, after all, and we risk losing stability in the Pacific Rim.
Hopeful and divertingly meaty ruminations, made comprehensible.Pub Date: Feb. 1, 2003
ISBN: 0-374-27965-9
Page Count: 384
Publisher: Farrar, Straus and Giroux
Review Posted Online: May 20, 2010
Kirkus Reviews Issue: Dec. 15, 2002
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This moving, potent testament might have been titled “Black Lives Matter.” Or: “An American Tragedy.”
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The powerful story of a father’s past and a son’s future.
Atlantic senior writer Coates (The Beautiful Struggle: A Father, Two Sons, and an Unlikely Road to Manhood, 2008) offers this eloquent memoir as a letter to his teenage son, bearing witness to his own experiences and conveying passionate hopes for his son’s life. “I am wounded,” he writes. “I am marked by old codes, which shielded me in one world and then chained me in the next.” Coates grew up in the tough neighborhood of West Baltimore, beaten into obedience by his father. “I was a capable boy, intelligent and well-liked,” he remembers, “but powerfully afraid.” His life changed dramatically at Howard University, where his father taught and from which several siblings graduated. Howard, he writes, “had always been one of the most critical gathering posts for black people.” He calls it The Mecca, and its faculty and his fellow students expanded his horizons, helping him to understand “that the black world was its own thing, more than a photo-negative of the people who believe they are white.” Coates refers repeatedly to whites’ insistence on their exclusive racial identity; he realizes now “that nothing so essentialist as race” divides people, but rather “the actual injury done by people intent on naming us, intent on believing that what they have named matters more than anything we could ever actually do.” After he married, the author’s world widened again in New York, and later in Paris, where he finally felt extricated from white America’s exploitative, consumerist dreams. He came to understand that “race” does not fully explain “the breach between the world and me,” yet race exerts a crucial force, and young blacks like his son are vulnerable and endangered by “majoritarian bandits.” Coates desperately wants his son to be able to live “apart from fear—even apart from me.”
This moving, potent testament might have been titled “Black Lives Matter.” Or: “An American Tragedy.”Pub Date: July 8, 2015
ISBN: 978-0-8129-9354-7
Page Count: 176
Publisher: Spiegel & Grau
Review Posted Online: May 6, 2015
Kirkus Reviews Issue: July 1, 2015
Categories: BIOGRAPHY & MEMOIR | UNITED STATES | HISTORY | CURRENT EVENTS & SOCIAL ISSUES | ETHNICITY & RACE
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“Quality of life means more than just consumption”: Two MIT economists urge that a smarter, more politically aware economics be brought to bear on social issues.
It’s no secret, write Banerjee and Duflo (co-authors: Poor Economics: A Radical Rethinking of the Way To Fight Global Poverty, 2011), that “we seem to have fallen on hard times.” Immigration, trade, inequality, and taxation problems present themselves daily, and they seem to be intractable. Economics can be put to use in figuring out these big-issue questions. Data can be adduced, for example, to answer the question of whether immigration tends to suppress wages. The answer: “There is no evidence low-skilled migration to rich countries drives wage and employment down for the natives.” In fact, it opens up opportunities for those natives by freeing them to look for better work. The problem becomes thornier when it comes to the matter of free trade; as the authors observe, “left-behind people live in left-behind places,” which explains why regional poverty descended on Appalachia when so many manufacturing jobs left for China in the age of globalism, leaving behind not just left-behind people but also people ripe for exploitation by nationalist politicians. The authors add, interestingly, that the same thing occurred in parts of Germany, Spain, and Norway that fell victim to the “China shock.” In what they call a “slightly technical aside,” they build a case for addressing trade issues not with trade wars but with consumption taxes: “It makes no sense to ask agricultural workers to lose their jobs just so steelworkers can keep theirs, which is what tariffs accomplish.” Policymakers might want to consider such counsel, especially when it is coupled with the observation that free trade benefits workers in poor countries but punishes workers in rich ones.
Occasionally wonky but overall a good case for how the dismal science can make the world less—well, dismal.Pub Date: Nov. 12, 2019
ISBN: 978-1-61039-950-0
Page Count: 432
Publisher: PublicAffairs
Review Posted Online: Aug. 29, 2019
Kirkus Reviews Issue: Sept. 15, 2019
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