A thoughtful essay that ought to provoke discussion in certain well-appointed offices, to say nothing of development and aid...
If the free market is the answer to the world’s woes, then why is so much of the world getting poorer? Nobel Prize–winning economist Stiglitz (The Roaring Nineties, 2003) ventures some persuasive answers.
There are many ways to make globalization work, writes Stiglitz. Regrettably, the U.S. and institutions such as the International Monetary Fund and the World Bank are not practicing any of them. Indeed, he argues, “the world’s sole superpower has simultaneously been pushing for economic globalization and weakening the political foundations necessary to make economic globalization work.” The U.S. consistently plays on an unlevel field, demanding that developing nations open their markets on terms dictated by American interests; globalization as it is now practiced demands that sovereign nations become less sovereign, even as it forces upon developing countries a one-size-fits-all economic system that “is inappropriate and often grossly damaging.” America’s insistence on the primacy of the free market really means a market that is free for the biggest players, though even a theoretically pure free market is not necessarily the best solution in many instances. For example, Stiglitz writes, many of the thriving economies of East Asia, such as China’s, are thoroughly managed, while social democracies such as those of Scandinavia channel much of the GDP into long-range, state-controlled financial sectors for the interest of future generations; meanwhile, free-market experiments in the former Soviet Union have proven disastrous except for a few lucky capitalists. Reining in inequalities is one of the foremost tasks for a globalism worthy of the name, Stiglitz suggests; those calling for Third World debt relief are on the right track. But there is more to it, he adds, including a rethinking of innovation-stifling intellectual property conventions and a restructuring of international institutions to serve their neediest constituents fairly.
A thoughtful essay that ought to provoke discussion in certain well-appointed offices, to say nothing of development and aid circles.Pub Date: Sept. 18, 2006
ISBN: 0-393-06122-1
Page Count: 320
Publisher: Norton
Review Posted Online: May 19, 2010
Kirkus Reviews Issue: Sept. 1, 2006
BOOK REVIEW
BOOK REVIEW
BOOK REVIEW
A timely, vividly realized reminder to slow down and harness the restorative wonders of serenity.
An exploration of the importance of clarity through calmness in an increasingly fast-paced world.
Austin-based speaker and strategist Holiday (Conspiracy: Peter Thiel, Hulk Hogan, Gawker, and the Anatomy of Intrigue, 2018, etc.) believes in downshifting one’s life and activities in order to fully grasp the wonder of stillness. He bolsters this theory with a wide array of perspectives—some based on ancient wisdom (one of the author’s specialties), others more modern—all with the intent to direct readers toward the essential importance of stillness and its “attainable path to enlightenment and excellence, greatness and happiness, performance as well as presence.” Readers will be encouraged by Holiday’s insistence that his methods are within anyone’s grasp. He acknowledges that this rare and coveted calm is already inside each of us, but it’s been worn down by the hustle of busy lives and distractions. Recognizing that this goal requires immense personal discipline, the author draws on the representational histories of John F. Kennedy, Buddha, Tiger Woods, Fred Rogers, Leonardo da Vinci, and many other creative thinkers and scholarly, scientific texts. These examples demonstrate how others have evolved past the noise of modern life and into the solitude of productive thought and cleansing tranquility. Holiday splits his accessible, empowering, and sporadically meandering narrative into a three-part “timeless trinity of mind, body, soul—the head, the heart, the human body.” He juxtaposes Stoic philosopher Seneca’s internal reflection and wisdom against Donald Trump’s egocentric existence, with much of his time spent “in his bathrobe, ranting about the news.” Holiday stresses that while contemporary life is filled with a dizzying variety of “competing priorities and beliefs,” the frenzy can be quelled and serenity maintained through a deliberative calming of the mind and body. The author shows how “stillness is what aims the arrow,” fostering focus, internal harmony, and the kind of holistic self-examination necessary for optimal contentment and mind-body centeredness. Throughout the narrative, he promotes that concept mindfully and convincingly.
A timely, vividly realized reminder to slow down and harness the restorative wonders of serenity.Pub Date: Oct. 1, 2019
ISBN: 978-0-525-53858-5
Page Count: 288
Publisher: Portfolio
Review Posted Online: July 20, 2019
Kirkus Reviews Issue: Aug. 15, 2019
Essential reading for citizens of the here and now. Other economists should marvel at how that plain language can be put to...
A French academic serves up a long, rigorous critique, dense with historical data, of American-style predatory capitalism—and offers remedies that Karl Marx might applaud.
Economist Piketty considers capital, in the monetary sense, from the vantage of what he considers the capital of the world, namely Paris; at times, his discussions of how capital works, and especially public capital, befit Locke-ian France and not Hobbesian America, a source of some controversy in the wide discussion surrounding his book. At heart, though, his argument turns on well-founded economic principles, notably r > g, meaning that the “rate of return on capital significantly exceeds the growth rate of the economy,” in Piketty’s gloss. It logically follows that when such conditions prevail, then wealth will accumulate in a few hands faster than it can be broadly distributed. By the author’s reckoning, the United States is one of the leading nations in the “high inequality” camp, though it was not always so. In the colonial era, Piketty likens the inequality quotient in New England to be about that of Scandinavia today, with few abject poor and few mega-rich. The difference is that the rich now—who are mostly the “supermanagers” of business rather than the “superstars” of sports and entertainment—have surrounded themselves with political shields that keep them safe from the specter of paying more in taxes and adding to the fund of public wealth. The author’s data is unassailable. His policy recommendations are considerably more controversial, including his call for a global tax on wealth. From start to finish, the discussion is written in plainspoken prose that, though punctuated by formulas, also draws on a wide range of cultural references.
Essential reading for citizens of the here and now. Other economists should marvel at how that plain language can be put to work explaining the most complex of ideas, foremost among them the fact that economic inequality is at an all-time high—and is only bound to grow worse.Pub Date: March 10, 2014
ISBN: 978-0-674-43000-6
Page Count: 640
Publisher: Belknap/Harvard Univ.
Review Posted Online: April 30, 2014
Kirkus Reviews Issue: May 15, 2014
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