Failure to Adjust

Failure to Adjust

How Americans Got Left Behind in the Global Economy

Book - 2017
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"Americans know that something has gone wrong in this country's effort to prosper in the face of growing global economic competition. The vast benefits promised by the supporters of globalization, and by their own government, have never materialized for most Americans. This book is the story of what went wrong, and how to correct the course. It is a compelling history of the last four decades of US economic and trade policies that have left Americans unable to adapt to or compete in the current global marketplace. Failure to Adjust argues that, despite the deep partisan divisions over how best to respond to America's competitive challenges, there is achievable common ground on such issues as fostering innovation, overhauling tax rules to encourage investment in the United States, boosting graduation rates, investing in infrastructure, and streamlining regulations. The federal government needs to become more like US state governments in embracing economic competitiveness as a central function of government. This book presents an especially timely analysis of the trade policies of the Obama administration and discusses how America can reassert itself as a leader in setting rules for international economic competition that would spread the benefits of global trade and investment more broadly." -- Inside jacket flap.
Publisher: Lanham :, Rowman & Littlefield,, [2017]
Copyright Date: ©2017
ISBN: 9781442272606
Characteristics: xviii, 249 pages ; 24 cm


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Jan 10, 2017

Best description: yet another useless Hail Mary pass from one of the CFR stooges. Alden purports to explain // what went wrong \\ ??? Nothing went wrong, and most everything went according to plan: between 1997 to 2007, $23 trillion in securitized debt was sold by the investment firms, banks and hedge funds, and between 2007 to 2009, US households in America lost $17 trillion in value and assets, and another $6 trillion overseas. [$23 trillion sold === $23 trillion lost] First they bleed us dry in housing, then student loans, then auto loans and credit card receivables, et cetera. All according to plan.
CFR guy prattles on about boosting graduation rates - - they have been shrinking the middle class [of OECD countries America rates at #27 or #28, near the very bottom, and subsequently, it rates as #29 {#30 is bottom} in college completion rate] and that leads to shrinking graduation rates while bleeding students dry on student loan usury!
Regarding the author's bizarre, Orwellian definition of // competition \\ - - when AmericanCorporation lays off American workers, offshoring their jobs, there is ZERO competition involved, just as there is ZERO vetting of foreign workers involved!!! When a college grad in computer science in America, the UK or Japan, graduates with the highest possible GPA, then cannot find suitable employment because those countries' corporations have offshored jobs and insourced foreign visa replacement workers - - that TOO is not competition!


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