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In the Jaws of the Dragon: America's Fate in the Coming Era of Chinese Hegemony
 
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In the Jaws of the Dragon: America's Fate in the Coming Era of Chinese Hegemony [Versión Kindle]

Eamonn Fingleton

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Praise for "In the Jaws of the Dragon""America's fate looks dicey in the showdown with the Chinese juggernaut, warns this vigorous jeremiad. . . . his economic analysis is incisive."--"Publishers Weekly""One of the most powerful, shocking, well-written, solidly documented, tear-the-scales-from-your-eyes books I've read in more than two decades. . . . I couldn't put this book down--at least 100 of its 310 pages are dog-eared and highlighted. It's probably the most important book that's ever been written about the future of our republic."--Thom Hartmann"Eamonn Fingleton demonstrates once again why his analyses of modern capitalism deserve serious attention. He lays out the consequences of seeing China the way outsiders would like it to be, rather than the way it is."--James Fallows, "The Atlantic Monthly""Eamonn Fingleton's riveting and provocative book is required reading for anyone who cares about the U.S.-China relationship."--Senator Byron L. Dorgan, author of the "New York Times" bestseller "Take This Job and Ship It"

Descripción del producto

 In recent years, popular wisdom has held that opening American markets to Chinese goods was the best way to promote democracy in Beijing---that the Communist Party’s grip would quickly weaken as increasingly affluent Chinese citizens embraced American values.

That popular wisdom was wrong. As Eamonn Fingleton shows in this devastating book, instead of America changing China, China is changing America. Although this process of reverse convergence has been swept largely under the carpet by knee-jerk globalists in the American press, Americans will soon be hearing much more about it. Nowhere is the pattern more obvious than in business. Many top American corporations---Boeing, AT&T, the Detroit automobile companies, among them—openly collaborate with the Chinese Communist Party. In a stunning rejection of Western values, Yahoo! even provided the Chinese secret police with vital evidence that resulted in a ten-year jail sentence for one of its Chinese subscribers, a brave young dissident, under draconian censorship laws. Selling the American national interest short, countless other corporations abjectly do Beijing’s lobbying in Congress.

This book---the culmination of twenty years of study---also breaks new ground by revealing the secret behind China’s phenomenal savings rate. Top leaders literally force the Chinese people to save through a highly counterintuitive---and, to ordinary citizens, virtually invisible---policy called suppressed consumption. This practice, which is to economics roughly what steroids are to sport, is fundamentally incompatible with Western ideas of fair global competition. It is reinforced by an Orwellian system of political control that, as Fingleton reveals, utilizes an ancient bureaucratic tool called selective enforcement---a form of blackmail that instills a silent reign of terror throughout Chinese society. Most worryingly, selective enforcement can readily be unleashed on any American corporation with interests in China---which is to say just about every member of the Fortune 500.

While the Chinese people’s rising affluence is, of course, an occasion for wholehearted rejoicing, Uncle Sam should give the Chinese power system a wide berth---lest he catch his coattails in the jaws of a dragon.



Detalles del producto

  • Formato: Versión Kindle
  • Tamaño del archivo: 744 KB
  • Longitud de impresión: 368
  • Números de página - ISBN de origen: 0312362323
  • Editor: Thomas Dunne Books; Edición: First Edition (1 de abril de 2010)
  • Vendido por: Amazon Media EU S.à r.l.
  • Idioma: Inglés
  • ASIN: B0017JWLB4
  • Texto a voz: Activado
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  • Clasificación en los más vendidos de Amazon: n°287.953 Pagados en Tienda Kindle (Ver el Top 100 de pago en Tienda Kindle)

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Amazon.com: 4.6 de un máximo de 5 estrellas  27 opiniones
15 de 15 personas piensan que la opinión es útil
5.0 de un máximo de 5 estrellas Must-read 28 de octubre de 2009
Por Lev Raphael - Publicado en Amazon.com
Formato:Tapa blanda|Compra verificada
I think anyone concerned about the global balance of power and America's economy should read this fascinating, beautifully written, impeccably researched book. It clears up myths about global trade and makes it quite clear that unless an American government wises up, our economic power will continue to diminish, with grim consequences for prosperity at home. Just one example: you hear all the time that America doesn't build cars that the Japanese want and that's one reason our car industry has suffered a collapse. Nonsense. The Japanese have strict import controls and only allow 5% of the cars in their country to be foreign-made--which means European cars are in effect boycotted as well. I've never hward anyone argue that the Europeans don't make good cars.

I wish everyone in the White House and Congress would read this book and think through our trade policy--because it puts us at a great disadvantage on the world stage.
34 de 41 personas piensan que la opinión es útil
5.0 de un máximo de 5 estrellas A timely and important book - will change your view of world politics and economics 16 de marzo de 2008
Por Stephen Diamond - Publicado en Amazon.com
Formato:Tapa dura|Compra verificada
Eamonn Fingleton has more than twenty years of experience on the ground in Asia and he has brought his wealth of knowledge about the region to his latest book, In the Jaws of the Dragon. Far from integrating smoothly into a democratic capitalist world order, China, Japan and other Asian countries are going their own way with their own economic and political model - with authoritarianism and bureaucratic control of the economy and the general population a centerpiece.

Apologists for globalization like Thomas Friedman write from 30,000 feet and conclude all is well in the new flat world, but on the ground Fingleton makes clear in this book that China is following in the footsteps of Japan (with the aid of the Japanese, in fact, directly for "reformer" Deng Xiaoping's rise to power) towards a new form of capitalism that is on a collision path with the west. American readers will be surprised and should be concerned about Fingleton's detailed discussion of the long standing and very close relationship between Japan and China. We are seeing the emergence on a world scale of a major competitor and possible rival for global leadership in East Asia.

Particularly interesting to me in In the Jaws of the Dragon is Fingleton's discussion of the state's suppression of consumption in order to accumulate capital wealth controlled by the government. China, for example, recently renewed its "one child per family" policy - an ultimate form of suppression of consumption. Similarly, the Chinese regime continues to outlaw the formation of genuine trade unions and the right to strike which leads to artificially low wages.

While some in policy circles argue that China's admission into the WTO heralds an era of openness to western investment, Fingleton argues that this is not the case. My own research on the reform of state owned enterprises, like PetroChina, confirms this view. The goal of the regime, in my view, is to navigate an evolution to a more competitive economy but not a democratic society. The party shows no sign of giving up control and the variety of measures it uses to control access to its markets reinforces this approach.

This book is a must read on China as we approach the Olympics and as demonstrations for the independence of TIbet have now broken out in Lhasa. But I would also highly recommend this book for adoption in high school, college or graduate school level courses on Asia, globalization or international politics or economics.
11 de 12 personas piensan que la opinión es útil
5.0 de un máximo de 5 estrellas Excellent study of economic reality 14 de mayo de 2009
Por William Podmore - Publicado en Amazon.com
Formato:Tapa dura
This is an excellent study of US-China relations, written by the author of the brilliant books In praise of hard industries and Unsustainable: how economic dogma is destroying American prosperity.

Fingleton says that China follows the East Asian model. This is mercantilist, protectionist, and generates high savings because of curbs on consumption. So its savings average 40% of GDP, which they largely invest in manufacturing.

Since 1979, China's export revenues have grown by a record 16% a year. In 2007 it exported more than the USA (in 1996, the USA had out-exported China by four to one, in 1956 by ten to one). China is now Japan's largest trading partner (in 1992, Japan did five times more business with the USA than with China). China's foreign currency reserves are the largest in history - $1.2 trillion in May 2007 and its current account surplus is a world-record 9.5% of its GDP.

By contrast, the US current account deficit in 2006 was a record 6.5% of GDP, the second largest by a major nation in peacetime (in 1924, Italy's was 7.7%). US imports exceed exports by two to one.

Fingleton sums up the comparison, "in the last four decades those advanced nations that have been most faithful to laissez-faire - the United States and Britain - have been notable for economic mediocrity, if not downright dysfunction. Their currencies have on balance fallen precipitately, their trade positions spun out of control, and they have lost the advanced manufacturing industries that provided a bedrock of well-paid secure jobs to support broad-based prosperity."

But the US capitalist class keeps on outsourcing, shutting US industry and moving jobs overseas. Its sole aim is to maximise profit, whatever the cost. As Fingleton notes, "the big gainers are ... just a few thousand top corporate executives who reap huge returns via bonuses and stock options." They refuse to invest in industry because most of its returns go to workers in higher wages, not to shareholders. "Globalism is clearly not delivering the promised economic dividends for the American nation."

He calls for a manufacturing renaissance and for tariffs to protect the USA against destructive imports. He calls his final chapter, `Globalisation or democracy': that is indeed the choice.
18 de 22 personas piensan que la opinión es útil
5.0 de un máximo de 5 estrellas Read carefully and think 12 de marzo de 2008
Por S. Elliott - Publicado en Amazon.com
Formato:Tapa dura
The world is seldom a simple as it appears on the surface, especially when one is deeply involved with a civilization that is not one's own. As someone who has spent well over two decades involved with Asia and nearly four decades involved internationally, this lesson has been driven home over and over again.

I find that in his new book Eamonn Fingleton, as usual, provokes deep re-examination of all the things that we think we know, that may not be what they seem. For this reason alone (and that is not the only reason), this book is worth careful reading and reflection. The issues he discussed are among the most important we face as an economy and as a nation.
18 de 22 personas piensan que la opinión es útil
5.0 de un máximo de 5 estrellas The Disturbing Reality 17 de marzo de 2008
Por David Hillman - Publicado en Amazon.com
Formato:Tapa dura
A veritable page-turner for anyone interested in the worst political mistakes of the modern West. Opening up American markets to communist China has not fostered the spread of a democratically inclined spirit but has had devastating effects on the U.S. economy that can no longer be ignored. Jaws should be mandatory reading for anyone with even a passing interest in the impending economic crisis that looms large on the Western horizon. Fingleton's conclusions are elegant, his evidence compelling, and the relevance of his book immeasurable.
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