An eye-opening look at the behind-the-scenes sway China holds over so much of the U.S. economy.
Stone Fish delivers a scorching denunciation of U.S. leaders who serve Chinese interests.
As the author, who lived in China for six years while writing for Newsweek, notes, Henny Kissinger’s principal activities over the last 40 years have centered on representing the Chinese government’s interests in the West: “The most accurate way to describe Kissinger…is as an agent of Chinese influence.” Kissinger does this in various ways, such as serving on the international advisory council of the China Development Bank. But the Chinese Communist Party calls on him more as a go-to fix-it guy. For example, following American efforts to force China into accepting Taiwan as an independent state, Kissinger called on Washington to ask them “to move in the direction of improving relations with China.” However, Kissinger is not alone in the corps of “diplomat consultants” who have earned lucrative contracts by arguing for such improved relations, which, the author notes, also serves them well in China in helping open doors to American companies there, allowing these consultants to play on a two-way street. One sector that did not do well, historically, was Hollywood, which earned low box-office numbers in China for years after daring to release two films about the Dalai Lama, Kundun and Seven Years in Tibet. As a result, Disney in particular suffered, but they sent Kissinger, hat in hand, to beg pardon, opening the way to a Disneyland in Hong Kong and the Chinese government’s allowing 20 foreign films into the country instead of the previous 10. In 1998, China produced only as much revenue for Disney as Peru, “and yet Disney still capitulated. It knew which way the winds were blowing.” Whether in academia or business, China has exerted so much influence, Stone Fish concludes, that American elites exercise strict self-censorship when it comes to criticizing China—a dictator’s dream, if an exercise in self-serving cowardice.
An eye-opening look at the behind-the-scenes sway China holds over so much of the U.S. economy.Pub Date: Feb. 15, 2022
ISBN: 978-0-525-65770-5
Page Count: 288
Publisher: Knopf
Review Posted Online: Nov. 26, 2021
Kirkus Reviews Issue: Dec. 15, 2021
Occasionally wonky but overall a good case for how the dismal science can make the world less—well, dismal.
“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. 28, 2019
Kirkus Reviews Issue: Sept. 15, 2019
SEEN & HEARD
Deliberately provocative, with much for left-inclined activists to ponder.
A wide-ranging critique of leftist politics as not being left enough.
Continuing his examination of progressive reform movements begun with The Cult of Smart, Marxist analyst deBoer takes on a left wing that, like all political movements, is subject to “the inertia of established systems.” The great moment for the left, he suggests, ought to have been the summer of 2020, when the murder of George Floyd and the accumulated crimes of Donald Trump should have led to more than a minor upheaval. In Minneapolis, he writes, first came the call from the city council to abolish the police, then make reforms, then cut the budget; the grace note was “an increase in funding to the very department it had recently set about to dissolve.” What happened? The author answers with the observation that it is largely those who can afford it who populate the ranks of the progressive movement, and they find other things to do after a while, even as those who stand to benefit most from progressive reform “lack the cultural capital and economic stability to have a presence in our national media and politics.” The resulting “elite capture” explains why the Democratic Party is so ineffectual in truly representing minority and working-class constituents. Dispirited, deBoer writes, “no great American revolution is coming in the early twenty-first century.” Accommodation to gradualism was once counted heresy among doctrinaire Marxists, but deBoer holds that it’s likely the only truly available path toward even small-scale gains. Meanwhile, he scourges nonprofits for diluting the tax base. It would be better, he argues, to tax those who can afford it rather than allowing deductible donations and “reducing the availability of public funds for public uses.” Usefully, the author also argues that identity politics centering on difference will never build a left movement, which instead must find common cause against conservatism and fascism.
Deliberately provocative, with much for left-inclined activists to ponder.Pub Date: Sept. 5, 2023
ISBN: 9781668016015
Page Count: 256
Publisher: Simon & Schuster
Review Posted Online: June 28, 2023
Kirkus Reviews Issue: Aug. 1, 2023
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