TradeWarsAreClassWars

Trade disputes are often thought of as conflicts between countries with differing national interests. However, according to Matthew C. Klein and Michael Pettis, these disputes often arise unexpectedly as a result of domestic political choices that benefit the rich at the expense of workers and retirees. Klein and Pettis trace the origins of the current trade wars to decisions made by politicians and business leaders in China, Europe, and the United States over the past thirty years. This has led to a situation where the rich have become increasingly wealthy, while workers struggle to afford the products they produce, lose jobs, or become burdened with debt. In this insightful critique of mainstream views, the authors argue that rising inequality is a threat to the global economy and international peace. They offer a thought-provoking analysis, demonstrating how the class wars of our time pose a significant challenge, and suggesting ways in which we can address these issues.

作者简介

MatthewC.KleinistheeconomicscommentatoratBarron’s.HelivesinSanFrancisco,CA.MichaelPettisisprofessoroffinanceatPekingUniversity’sGuanghuaSchoolofManagementandaseniorfellowattheCarnegieEndowmentforInternationalPeace.HelivesinBeijing.