Trade Wars Are Class Wars by Matthew C. Klein
How Rising Inequality Distorts the Global Economy and Threatens International Peace
This insightful book delves into the intricate relationship between global trade imbalances and domestic economic inequality, arguing that trade conflicts are often manifestations of deeper class struggles within countries. It explores how the concentration of wealth and income among the elite in major economies leads to excessive savings and insufficient domestic consumption, resulting in trade surpluses that fuel international tensions. By examining the economic policies of nations like China, Germany, and the United States, the book highlights the need for more equitable income distribution to address the root causes of trade disputes and foster a more stable global economy.
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- Published
- 2020
- Nationality
- American
- Length
- Medium
- Pages
- 336
- Original Language
- English
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(4.0)
- Alternate Titles
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