Book Description
India remains a mystery to many Americans, even as it is poised to become the world’s third largest economy within a generation, outstripping Japan. It will surpass China in population by 2032 and will have more English speakers than the United States by 2050. In In Spite of the Gods, Edward Luce, a journalist who covered India for many years, makes brilliant sense of India and its rise to global power. Already a number-one bestseller in India, his book is sure to be acknowledged for years as the definitive introduction to modern India.
In Spite of the Gods illuminates a land of many contradictions. The booming tech sector we read so much about in the West, Luce points out, employs no more than one million of India’s 1.1 billion people. Only 35 million people, in fact, have formal enough jobs to pay taxes, while three-quarters of the country lives in extreme deprivation in India’s 600,000 villages. Yet amid all these extremes exists the world’s largest experiment in representative democracy—and a largely successful one, despite bureaucracies riddled with horrifying corruption.
Luce shows that India is an economic rival to the U.S. in an entirely different sense than China is. There is nothing in India like the manufacturing capacity of China, despite the huge potential labor force. An inept system of public education leaves most Indians illiterate and unskilled. Yet at the other extreme, the middle class produces ten times as many engineering students a year as the United States. Notwithstanding its future as a major competitor in a globalized economy, American. leaders have been encouraging India’s rise, even welcoming it into the nuclear energy club, hoping to balance China’s influence in Asia.
Above all, In Spite of the Gods is an enlightening study of the forces shaping India as it tries to balance the stubborn traditions of the past with an unevenly modernizing present. Deeply informed by scholarship and history, leavened by humor and rich in anecdote, it shows that India has huge opportunities as well as tremendous challenges that make the future “hers to lose.”
Customer Reviews:
A Passage Through India .......2007-10-22
In Spite of the Gods: The Strange Rise of Modern India
By Edward Luce
Edward Luce is a journalist who has spent time in India. His "In Spite of the Gods: The Strange Rise of Modern India" is a good introduction to modern India. His observations help dispel some of the contradictions within modern India: extreme poverty juxtaposed with newly developed technology; traditional agricultural economy contrasted with modern conveniences and communication; and India's relative stability within the South Asian community.
The British Partition of India in 1947 with predominantly Muslim concentration in the North and in Pakistan; and majority Hindus in the South, set the stage for religious and ethnic disputes that still continue.
Curiously, relatively few Indian Muslims have joined the Jihadist movements against the west that have rocked Pakistan.... Including the recent car bomb explosions that were aimed at exiled Pakistani leader Bhutto.
"But history turned out the way it did. And so India entered into independence with a large Muslim minority, many of whom went through the conundrum of watching close family members migrate to Pakistan forever. Though their decision to remain in India should have put Indian Muslims beyond suspicion, their loyalties were constantly called into question. It is a terrible Irony of partition that the Muslims who remained behind in India and those who left for Pakistan, should have as good a claim as any others to being true Indians and true Pakistanis respectively given the sacrifices they made. The contradiction of partition has yet to die out." (In Spite of The Gods, P. 227)
Luce examines the challenges to India, which he calls "Herculean", public health, the environment, external relations, and public confidence in the government. He says "the most coherent threat to India's liberal democracy is Hindu nationalism." He points to the "emergency" declared by former President Gandhi in the 1970's as an example of the failure of autocratic rule in India.
Beating the Odds.......2007-10-13
edward luce's journalistic writing style makes this book an easy read. it does a good job of putting into context the "hindu rate of growth" that existed for so long after india regained her independence. but just as a big ship takes longer to change direction than a smaller boat, so does a large, diverse country that has been steeped in tradition and religious constraints for so many centuries.
similarly, just as greed and selfishness are unfortunate bi-products of capitalism gone wild in the new world, so is "caste-ism" and corruption of an economic system based on social classes which has been the rule for thousands of years. yet, as the author points out, it is this very tradition and sense of history that will keep the balloon of prosperity which has been unleashed, to remain tethered to the ground as it finds it's way into the modern skies.
in summary, the book is a good bridge from the old to the new and a good primer for anyone interested in understanding the paradox of modern india.
A must read for anyone trying to understand modern India.......2007-09-18
This is an important book on modern India. Edward Luce has been a foreign correspondent in India for many years and knows the country well. He provides a comprehensive survey of the politics and economics of India going into the 21st century. I was initially disappointed by the opening pages dealing with a few new-age types living in luxury and marveling at the spirituality of India while completely ignoring the poverty. Reading on I was pleasantly surprised to discover that this was only an introduction to demonstrate what is wrong with many Westerner's perception of India. The book provides an unflinching look at India, warts and all. While some sections may seem overly critical, we live in an imperfect world and the same things are wrong in many other countries, to a greater or lesser extent. The rest of the world continues to function and even prosper and India does so too. The book also discusses the huge untapped potential of the country and the things that need to happen to assure future growth and development. I found the chapters on recent changes in religious practices and the rise of fundamentalism very eye-opening. The significance of attributing the domestication of the horse to the Indus Valley civilization is fascinating (I won't give this one away). In Spite of the Gods is a must read for anyone trying to understand modern India.
To spite the Gods?.......2007-09-15
I picked up this book when I was on a trip, mainly because of the intriguing title. I thought, well, here is someone who will tell us how our Gods hold us back economically. Especially, as many of us worship Lakshmi ji, the Goddess of prosperity, every day!
As it turns out, I was quite wrong. The title has absolutely no connection with the contents of the book, except perhaps to insinuate that India has progressed economically despite being religious. Or to help along sales. [Do note the rhyming with the original expression 'in spite of the odds'. Possibly Mr. Luce thinks that Hindu Gods were holding back India's progress, or that perhaps they are the real odds?]
The book is more or less a compilation of wisdom received from the author's Indian friends, and select social circle. I was unable to find any original insight or conclusion in the book. However, Mr. Luce does present the old and tired wisdom of assorted Indian intellectuals in a refreshingly witty way. In the end, the book is just a large collection of articles, such as you would find in any weekly or fortnightly newsmagazine or in any mainstream English language newspaper published in India. This is understandable, given the fact that Mr. Luce, after all is merely a journalist, used to regurgitating what others tell him. There is some useful information though, including tidbits about the high and mighty of Indian establishment.
Expectedly, Mr. Luce is most positive about and impressed with the economic side of Indian growth. He cites any number of examples of the growing economic strength and its implications. There may not be anything new in this, but the endorsement sounds nice, coming from a Western journalist.
However, his views on the cultural and religious aspects are a different thing altogether. He mostly holds the majority community as being directly responsible for India's perceived cultural backwardness, for the condition of the women and children, and for the distressing law and order situation. He also suggests that Bajrang Dal has been responsible for two out of three major riots in the last 25 years (the third being laid at the door of Congress). However, this is mere reductionism - he conveniently ignores hundreds of small riots which break out every year across India, on the slightest pretext.
This liberal confusion continues: when it comes to dealing with Muslims, he suddenly switches the canvas to South Asia, from just India! This serves two purposes: first it helps him cover the pre-1947 developments. Second, it allows him to include Kashmir in the discussion. Dealing with Kashmir within the framework of India would have perhaps been sacrilegious?
That said, it is therefore surprising to see an endorsement of the book by Mr. Mark Tully, whose work is as close to Mr. Luce's as North Pole is to South Pole. Perhaps Mr. Tully was merely helping along a fellow Briton. Or perhaps he was made to sign the endorsement using some frightfully sinister threat...
The book is very nicely bound, and the printing and paper is quite pleasing. So is Mr. Luce's writing style, humorous and engaging. However, sometimes it is a little tiring also, as you (as an Indian) sometimes feel that you are the [...]. of his jokes and gratuitous insinuations.
Buy this book if you quickly want to update yourself on the current perceptions of the fashionable and the intellectual. Skip it if you want to learn anything worthwhile.
Bad statistic.......2007-09-10
In discussing the low ratio of girls to boys, the author states that, in the West, there are 105 girls born for every 100 boys. That is not true. Even in the West, there are more boys born than girls. The numbers should be reversed.
Amazon.com
Daniel Yergin's first prize-winning book, Shattered Peace, was a history of the Cold War. Afterwards the young academic star joined the energy project of the Harvard Business School and wrote the best-seller Energy Future. Following on from there,
The Prize, winner of the 1992 Pulitzer Prize for nonfiction, is a comprehensive history of one of the commodities that powers the world--oil. Founded in the 19th century, the oil industry began producing kerosene for lamps and progressed to gasoline. Huge personal fortunes arose from it, and whole nations sprung out of the power politics of the oil wells. Yergin's fascinating account sweeps from early robber barons like John D. Rockefeller, to the oil crisis of the 1970s, through to the Gulf War.
Book Description
Pulitzer Prize Winner -- and Now an Epic PBS Series
The Prize recounts the panoramic history of oil -- and the struggle for wealth power that has always surrounded oil. This struggle has shaken the world economy, dictated the outcome of wars, and transformed the destiny of men and nations. The Prize is as much a history of the twentieth century as of the oil industry itself. The canvas of this history is enormous -- from the drilling of the first well in Pennsylvania through two great world wars to the Iraqi invasion of Kuwait and Operation Desert Storm.
The cast extends from wildcatters and rogues to oil tycoons, and from Winston Churchill and Ibn Saud to George Bush and Saddam Hussein. The definitive work on the subject of oil and a major contribution to understanding our century, The Prize is a book of extraordinary breadth, riveting excitement -- and great importance.
Customer Reviews:
Interesting, important, well-written, well-researched history.......2007-10-20
Fascinating account of the history of the oil industry. I would say that just the four chapters on World War II--and the oil role in it--are worth the book. Reads like a novel, where Yergin jumps back and forth between history and details about the industry main players. And the amount of details that enrich the historic account is just perfect. The research done to put this work together must have been mind boggling.
First to cover the topic, but still a facile book.......2007-09-17
Yergen gets kudos for being the first to cover this topic, but his account (perhaps because it's now outdated) is facile and pro-oil company. Every time the oil companies are thwarted he seems to blame straw men for it: tree huggers, the people that hounded poor misunderstood Tricky Dick Nixon, the Saudi sheiks (best friends of Bush, Cheney, et al). He never turns his gaze on the corruption of the oil companies themselves. We hit peak oil in the U.S. in the 1960s. The oil companies suppressed any attempts since then to find alternative fuels. Now we are up the creek, so to speak, with the Oil Men running the Show. Some "Prize". I'd say it's the booby prize. The best overview of our current fix is Lawrence Wright's The Looming Tower.
The Age of Oil.......2007-07-04
We are living in the Age of oil.
World and human civilization have experienced different "ages" such as the Bronze Age, Iron Age, and Gilded Age, and so on. The 20th and 21st Centuries are indeed, the "Oil Age." We are living in it. This book is one of the most informative and relevant books published in recent years, In my opinion. This work by Daniel Yergin was and still is prescient today, in 2007. "The Prize" tells the story of where we are today, and how we got here. It also latently foresees where we're going in the future. The book doesn't tell us - we just know. We're human. This book is so comprehensive and has so much information only a small portion of it can be noted. Below relates to WWII, and former Iranian leader Dr. Mohammed Mossadegh.
"The Prize" proceeds chronologically. And within the chapters there are numerous mini-subtitles for sub-chapters that connect the big picture. The bibliography and index are excellent and can be used to tie in different figures and historical occurrences. The 'history of oil' is actually the history of the world: humankind, business, innovations, globalization, war, and geo-political power-plays. The very survival of a nation-state is based upon oil.
"The Prize" begins with tiny puddles of black, sticky, goo, in Pennsylvania in the mid 1800s. Locals collected this goo and realized its many uses. In 1859 oil was struck. Almost immediately, the wealth and power amassed from possession and control of oil was realized. The initial trust acts in the U.S. are related to the oil industry, in which Barons quickly gained gargantuan amounts of wealth and political power.
Enter WWII:
The Japanese attacked Pearl Harbor because of oil. Japanese conquests throughout South-East Asia and the Pacific were motivated not only by the quest for dominance but for securing oil and keeping their oil (fuel) supply lines open. Without supply lines of oil, the war machine would completely break down, as it later did (Chapter 8).
The Americans sacrificed a lot, but Japan in large part lost WWII because of its lack of fuel for planes, ships, and ground forces. Domestically, the Japanese economy collapsed because of its inability to import oil. The Kamikazes were brought into existence after the Battle of Leyte Gulf, Philippines, in 1944. Lack of oil meant lack of fighter plane fuel. Fuel supplies became so low they actually stopped training Japanese pilots at all. Pilots were ordered to "follow the leader" to the attack site because they didn't even have navigation training.
There was even an "Oil Czar" In the U.S. during World War II in PAW, the Petroleum Administration for War. The Oil Czar was Harold Ickes.
In the European Theater's Eastern Front Germany invaded Russia with Operation Barbarossa mostly to get the oil in the Caucuses (In addition to "lebensraum" and "untermensch" beliefs). In addition, a needed land-route to Iron Ore in Scandinavia via the Baltic SSR Republics was a factor. Hitler also began making synthetic oil because without enough of it Germany's war machine, domestic economy, and arms production were doomed. These synthetic oil factories were top targets in Allied bombing missions.
Oil and the Cold War World:
The Soviets dominated Eastern Europe and exerted its influence after WWII for 45 years because the Allies ran out of gasoline. When the British 3rd Army and U.S. 1st Army were advancing eastward toward Berlin chasing demoralized, retreating, and broken German troops in disarray. But because of the lack of gasoline for the Allied Armies, a million people ended up losing their lives and war was prolonged because the Germans were able to retreat and re-organize (page 388).
If someone says "it's not about the oil" today in 2007, tell them to read this book. Oil encompasses almost all things in our daily lives, whether we are are conscious of it, or not.
Oil, Military, and Economic Interests:
Democratically elected governments are overthrown by foreign governments because of oil. In 1953 Dr. Mohammed Mossadegh was democratically elected in Iran. He was an anti-communist. He didn't like the 93% to 7% profit sharing split with a British Oil company operating inside Iran. He changed it to 50-50. The CIA sponsored a coup to overthrow him. Americans were repeatedly told by the U.S. media that Mossadegh was a communist and communist sympathizer, although factually untrue. The American public believed this propaganda, according to poll results. Gullible? Mossadegh was ousted and the Shah was placed in power. Democracy has never been supported in the Middle East and it isn't now by the U.S. government. Also see the Carter Doctrine of 1980.
Most of us as individual consumers literally need oil to function. Dependence upon oil is for the continuation of the nation-state, its military machines, and domestic economy. More critical today, is that nation-states need a *sufficient* supply of it.
This is a positive book. It's a history book.
We're in the heart of the "Oil Age."
Amaze.......2007-06-19
This book is the better form to say what means the oil in the world. The history is well clear end real. There are many important information and who is curious or needs to know the subject this is a perfect one.
It's interesting to know the past to forecast the future..........2007-06-14
I really appreciated Daniel YERGIN's book.
The history of oil is crucial to try to solve the huge demand for future oil. History tells us that oil is limitless in virgin deserts...
Amazon.com
Updated Edition: Thomas L. Friedman is not so much a futurist, which he is sometimes called, as a presentist. His aim in The World Is Flat, as in his earlier, influential Lexus and the Olive Tree, is not to give you a speculative preview of the wonders that are sure to come in your lifetime, but rather to get you caught up on the wonders that are already here. The world isn't going to be flat, it is flat, which gives Friedman's breathless narrative much of its urgency, and which also saves it from the Epcot-style polyester sheen that futurists--the optimistic ones at least--are inevitably prey to.
What Friedman means by "flat" is "connected": the lowering of trade and political barriers and the exponential technical advances of the digital revolution that have made it possible to do business, or almost anything else, instantaneously with billions of other people across the planet. This in itself should not be news to anyone. But the news that Friedman has to deliver is that just when we stopped paying attention to these developments--when the dot-com bust turned interest away from the business and technology pages and when 9/11 and the Iraq War turned all eyes toward the Middle East--is when they actually began to accelerate. Globalization 3.0, as he calls it, is driven not by major corporations or giant trade organizations like the World Bank, but by individuals: desktop freelancers and innovative startups all over the world (but especially in India and China) who can compete--and win--not just for low-wage manufacturing and information labor but, increasingly, for the highest-end research and design work as well. (He doesn't forget the "mutant supply chains" like Al-Qaeda that let the small act big in more destructive ways.)
Friedman has embraced this flat world in his own work, continuing to report on his story after his book's release and releasing an unprecedented hardcover update of the book a year later with 100 pages of revised and expanded material. What's changed in a year? Some of the sections that opened eyes in the first edition--on China and India, for example, and the global supply chain--are largely unaltered. Instead, Friedman has more to say about what he now calls "uploading," the direct-from-the-bottom creation of culture, knowledge, and innovation through blogging, podcasts, and open-source software. And in response to the pleas of many of his readers about how to survive the new flat world, he makes specific recommendations about the technical and creative training he thinks will be required to compete in the "New Middle" class. As before, Friedman tells his story with the catchy slogans and globe-hopping anecdotes that readers of his earlier books and his New York Times columns know well, and he holds to a stern sort of optimism. He wants to tell you how exciting this new world is, but he also wants you to know you're going to be trampled if you don't keep up with it. A year later, one can sense his rising impatience that our popular culture, and our political leaders, are not helping us keep pace. --Tom Nissley
Where Were You When the World Went Flat?
Thomas L. Friedman's reporter's curiosity and his ability to recognize the patterns behind the most complex global developments have made him one of the most entertaining and authoritative sources for information about the wider world we live in, both as the foreign affairs columnist for the New York Times and as the author of landmark books like From Beirut to Jerusalem and The Lexus and the Olive Tree. They also make him an endlessly fascinating conversation partner, and we've now had the chance to talk to him about The World Is Flat twice. Read our original interview with him following the publication of the first edition of The World Is Flat to learn why there's almost no one from Washington, D.C., listed in the index of a book about the global economy, and what his one-plank platform for president would be. (Hint: his bumper stickers would say, "Can You Hear Me Now?")
And now you can listen to our second interview, in which he talks about the updates he's made in "The World Is Flat 2.0," including his response to parents who said to him, "Great, Mr. Friedman, I'm glad you told us the world is flat. Now what do I tell my kids?"
The Essential Tom Friedman
From Beirut to Jerusalem |
The Lexus and the Olive Tree |
Longitudes and Attitudes |
More on Globalization and Development
China, Inc. by Ted Fishman |
Three Billion New Capitalists by Clyde Prestowitz |
The End of Poverty by Jeffrey Sachs |
Globalization and Its Discontents by Joseph Stiglitz |
The Travels of a T-Shirt in the Global Economy by Pietra Rivoli |
The Mystery of Capital by Hernando de Soto |
Book Description
hen scholars write the history of the world twenty years from now, and they come to the chapter 'Y2K to March 2004,' what will theysay was the most crucial development? The attacks on the World Trade Center on 9/11 and the Iraq war? Or the convergence of technology and events that allowed India, China, and so many other countries to become part of the global supply chain for services and manufacturing, creating an explosion of wealth in the middle classes of the world's two biggest nations, giving them a huge new stake in the success of globalization? And with this 'flattening' of the globe, which requires us to run faster in order to stay in place, has the world gotten too small and too fast for human beings and their political systems to adjust in a stable manner?
Download Description
The Pulitzer Prize-winning New York Times columnist gives a bold, timely, and surprising picture of the state of globalization in the twenty-first century
Customer Reviews:
The World is Flat.......2007-10-23
Had to return the book. I wanted the 3.0 version but only the 2.0 was available. Too bad!!!
An important look into the development of the world, for the common person.......2007-10-23
I am a common person. I am not a computer-geek, or a technology junkie, or even an avid reader of Times or other such publications of the world as we know it. I am too busy, and so this was a lovely book to help bring to my awareness the situation of our world's commerce, trade and technological developments as they are today.
Covering a wide range of subjects, from political to environmental, to health-care and education, our author provides a good, clear look into the world of outsourcing, "in-sourcing", technological advances, and the political arena in which everything comes together. He provides a mostly objective report on such subjects, so widly influencing the world.
For anyone interested in the future of our nation and of the world, business, trade, politics, or life in general, this is a great resource. Of course, it certainly is a lot of heavy reading, and the author tends to get wordy from time to time. But overall, this book is well researched and well written.
My main complaint is that he steps into the political side of things a bit more than I believe this book warrants. He gives his opinion on what certain individuals should do to solve the problems, and uses the book as a platform for his area of interest. I support his research and expertise on the subjects at hand, but do not feel that the "call to action" was either appropriately executed or even thorough enough given the subjects covered, for it to be a valid part of the book. Other than that, great job!
...and so is this book.......2007-10-10
Though it has become an immensely popular book, Friedman's work is fairly shallow and simplistic. It is important to remember that this is a world analysis written by a journalist, not by a political economist or any type of economist or political scientist. His views are oversimplified and his support relies heavily on anecdote, making his 600-pager about 400 pages too long. We read it for a poli sci class and proceeded to tear it apart intellectually.
Ranks up there with Common Sense, Uncle Toms Cabin, The Femine Mystique.......2007-10-10
One of the greatest books ever written. Everyone in America should read this book. Every teacher in America should read and teach Frieman's lessons. Every parent should read and help prepare their children for the world that is coming. Every student should read and begin to prepare for the world they are going to face. This is the most important book of our times, bar none.
Embracing Business Globalization's Irreversibility.......2007-10-10
This is easily the most relevant book written on the new realities of business globalization, its irreversibility, and the practical consequences to our future. Friedman does an excellent job describing the numerous factors that led up to our current global economy including the ongoing fall of communism, the advent of the personal computer, and the ubiquity of the Internet. His historical review and assessment is fascinating and it sets up the reader to understand the context for his theories and practical applications. Friedman delves into numerous industries, businesses, personalities, case studies, technologies, psychological factors, and sociological factors. Although he covers numerous business, technological, and economic concepts, his writing style is very engaging and entertaining, using many personal examples and narratives, thereby holding the reader's interest. Rather than bemoaning some of the common perceived negative consequences of a global economy (such as US auto workers losing jobs to overseas cheaper labor) Friedman helps the reader to understand business globalization's irreversibility. In so doing, he describes many personal, practical, and business strategies for thriving in this new environment. Friedman is realistic and compassionate concerning the changes and the challenges. He states, "the great challenge for our time will be to absorb these changes in ways that do not overwhelm people but also do not leave them behind. None of this will be easy. But this is our task. It is inevitable and unavoidable" (pp. 46-47). As Friedman unfolds his strategies, he gives the reader a broader, global perspective that is filled with hope and excitement. Whether as a CEO, a business student, or a brand new professional embarking upon a career, this book is insightful, practical, and essential reading.
Average customer rating:
- Calculations are only as good as your numbers
- Pants on fire?
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- History as Science Fiction
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History: Fiction or Science? (Chronology, No. 1)
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Discovering the Mysteries of Ancient America: Lost History And Legends, Unearthed And Explored
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Before the Pharaohs: Egypt's Mysterious Prehistory
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They Cast No Shadows: A Collection of Essays on the Illuminati, Revisionist History, and Suppressed Technologies
ASIN: 2913621058 |
Book Description
Recorded history is a finely-woven magic fabric of intricate lies about events predating the sixteenth century. There is not a single piece of evidence that can be reliably and independently traced back earlier than the eleventh century. This book details events that are substantiated by hard facts and logic, and validated by new astronomical research and statistical analysis of ancient sources.
Customer Reviews:
Calculations are only as good as your numbers.......2007-08-03
Yes, we can all agree that mainstream history is nearly 100% BS due to politics, economics, ego, problems with dating techniques, and various conspiracies. Agreed. But, I've been researching the distinct possibility that human history (in terms of civilizations) are much more ancient than we've been told, so coming across this book was very interesting to me. I wondered how Fomenko could be wrong (if at all) because he is very persuasive in his presentations. Then it dawned on me. If at previous times in prehistory, due to the various catastrophies that are well documented (comets, asteroids, planetary disruptions, plasma discharge, pole reversals, etc) the Earth was in a different position in relation to the sun, different tilt on its axis, different orbit, different rotation (in terms of velocity and DIRECTION), and the continents were in different positions, then would this not cause the ancients to see the sky (constellations) differently? In other words, is Fomenko making erronious assumptions about the physics of the Earth in pre-history, which then corrupt his data with regards to dating the relevant astrology? The last event to seriously disrupt our planet occured roughly 3500 years ago, according to other good researchers, so is it possible Fomenko has been confused by this? The vastly different physics of our planet in the not so distant past may explain this confusion, which is not to say the "mainstream" version of history is correct; on the contrary. I am not an expert in these fields, but wanted to see if this idea could spark discussion.
Pants on fire?.......2007-07-19
Will people ever read before spamming? Yes, Jesuits could not rewrite world history alone, they had help. Anyway, Dr Prof Acad A.Fomenko does not point to jesuits as the driving force of world wide history manipulation in published volumes 1,2,3;, actually he barely mentions the poor devils. Check it with 'Search inside' feature, please. China is rarely mentioned either, in fact, Dr Fomenko is completely eurocentric. Right, his theory contradicts all mainstream schools of history, because in their actual state they are all built on blatantly erroneus chronology. You don't need a mysterious cabal (conspiracy) to falsify history, the falsification is its modus operandi. It is inherent to history(ians) to falsify (distort) events, as it is inherent to humans to boast as it is inherent to power (authority) to legimize itself by referrring to glorious past made to its own order. Dr Prof Fomenko and team have identified scores of instances of such manipulation in Russian, European, etc.. history, and delivered valid statistical proof thereof. His own 'reconstruction' is completely another story. Forget c14 as a valid method of dating. W.Libby has initially discovered a brilliant method of INDEPENDENT dating. Too bad, c14 method has become a joke after a forced marrige with dendrochronology with consensual chronological scale inbuilt. Radiocarbon method can't stand blind tests, but is so very productive as a rubberstamp.
Accepted History & Chronology Must Be Changed. .......2007-04-09
There is no doubt that history as most know it is a sham, & institution's version of History both University & Church is fradulent & inaccurate. Everything was established with an agenda, The real "Dark Ages" are now when we have access to incredible amounts of information past authorities & more important 'common folk' didn't have but our institutions & educators are slow to evolve because of what has ignorantly & arrogantly been taught for too long. This is on many subjects not just Chronology.
For anyone to question "Why would a Mathematician have anything credible to say of History?" The answer is from Dr. Fomenko's preface in the book: "It would be worthwhile to remind the reader that in the XVI-XVII century Chronology was considered to be a subdivision of Mathematics." These volumes could possibly be some of the most important works to date & should be read by everyone with an interest in History, especially professors & educators who have a duty to the public. I have read both books & must say that 'Chronology 1' has some very eye opening & revolutionary information. Even if these volumes are part true the implications are profound & opens the doors to further investigations & questions which must be done. I speak several different lanquages & must say the logic Dr. Fomenko uses with "inflection" of words & words being read from left to right in one region & right to left in another then written backwards, the removal of vowels & get down to basics of words, or different cities & locations having the same name etc. is correct. Vowel usage has always been optional & varied, actually complicating linquistics & study. The first thing one has to understand is that words never had a fixed spelling in history like we do now, the spelling of words was mutable & regional, as well as names & titles of people were vast, varied & changed, NOTHING WAS FIXED or understood linear. Matters of Life & Death as well as financial profiteering yesterday & today were & are made with ignorant, illogical & conspiratorial views of history & reality, it's time people get closer to the Truth & society collectively grow up.
Very Interesting.......2007-03-07
It is a good proposal and I believe it will mature into something even better in the future. I think it deserves to be read.
History as Science Fiction.......2007-01-10
Anatoly Fomenko has written a very intriguing book, full of pictures, charts, and computer 'proof' of his thesis: backwards of AD900 we don't really know what happened or when. Between AD900 and AD1600 there is more certainty, but there is still a lot of fuzzy ground, and things don't get reliable until we get past the 1600's where the printing press made it very difficult for the perpetrators of this timeline manipulation to change anything that had been committed to print. The Dark Ages did not happen. Books were burned for a reason. One organization has doubled the actual length of its existence by expanding the real chronology. Read why.
I had always wondered why Christ died about AD33 and yet men waited until the 11th century to form the Knights Templar, the Cathars, etc and go after the Holy Land by force. Why the 1000 year gap? Turns out there wasn't more than a 10-12 year gap and he proves it using astronomy. This also implies that the planet is not as old as we have been told, and current Christian and other creationist scientists are already championing that idea without being aware of Fomenko's book. The two groups, creationist scientists and the Russian mathematical analysts corroborate each other. Fascinating.
Of course, all this flies in the face of what we have been told traditionally is the 'proper' chronology of western civilization, and most readers will experience 'cognitive dissonance' in reading this book. It means that our history going backwards from AD1600 becomes progressively more incorrect and unreliable until it cannot be trusted at all... in the space of 700-800 years.
Naturally, the curious, open-minded reader will want to know WHO did this, WHY, and did any of the events we think of as really ancient ever happen?
Dr. Fomenko is a respected scientist/mathematician at Moscow State University who has already answered these questions to the satisfaction of his initially skeptical colleagues. Most of them are now believers, a few still refuse to believe (the usual diehards), and of course the western press has ignored Fomenko's work -- for obvious reasons when you read the book. The ones who perpetrated this chronology ruse have a lot to answer for. They are still with us. That's why this book is a well-kept secret.
I gave the book a 4-star rating because I was unable to check out some of his claims; those I checked were as he said. But if even 1/3 of his claims are true, this punches a big hole in what we think is our history, the meaning of western civilization, our educational process (for repeating the ruse as gospel), and the trustworthiness of the organization that perpetrated this ruse, well-intentioned or not.
This book relates to current research into a Young Earth paradigm, to John Keel's discoveries about our planet, and Fr Malachi Martin's insights (in his now out-of-print books). We are indeed sheep who are manipulated and kept ignorant -- for a reason. While knowing what these men have to say may be the "booby prize" (as in: 'what can you do with this knowledge?'), it will provide interesting reading. Didn't someone say: "...and the Truth will set you free."?? For you to judge if this book contains the truth.
Book Description
With a new preface by the author, this reissue of Thomas Sowell's classic study of decision making updates his seminal work in the context of The Vision of the Anointed. Sowell, one of America's most celebrated public intellectuals, describes in concrete detail how knowledge is shared and disseminated throughout modern society. He warns that society suffers from an ever-widening gap between firsthand knowledge and decision making -- a gap that threatens our very freedom because actual knowledge gets replaced by assumptions based on an abstract and elitist social vision of what ought to be.
Knowledge and Decisions, a winner of the 1980 Law and Economics Center Prize, was heralded as a "landmark work" and selected for this prize "because of its cogent contribution to our understanding of the differences between the market process and the process of government." In announcing the award, the center acclaimed Sowell, whose "contribution to our understanding of the process of regulation alone would make the book important, but in reemphasizing the diversity and efficiency that the market makes possible, [his] work goes deeper and becomes even more significant." "In a wholly original manner [Sowell] succeeds in translating abstract and theoretical argument into a highly concrete and realistic discussion of the central problems of contemporary economic policy." --F. A. Hayek "This is a brilliant book. Sowell illuminates how every society operates. In the process he also shows how the performance of our own society can be improved." --Milton Friedman
Customer Reviews:
Pseudo-academic polemics.......2007-09-30
I can't fault a book for having an opinion. I can fault it for disguising a dogmatic political agenda as serious intellectual analysis. Some people may be deceived because the tone is so boring, they may think the discussion is dry, dispassionate and sincere. The major premise of the book, that knowledge has a cost, is uncontroversial. Sowell then elaborates his opinions, but the connection to the theme is frequently tenuous and seldom considers counterarguments (unless Sowell has a counter-counterargument neatly prepared.)
He does have a justification for every viewpoint, but many arguments are weak. On the whole, it reads as a compilation of his opinions, supporting the Republicans at every turn, without regard to his supposed premises.
If you're interested in an 800 page debate handbook rambling over every subject, (say you're Rush Limbaugh or are running for Congress), this book provides intelligent-sounding arguments. To anybody else, it shows the value of paid ideologues to trick the masses into thinking that the elite know something. They don't want you to slog through this intimidatingly tedious book, just to believe in it. There's no need.
Impressed by honest conservatism.......2006-07-14
In this day of spurious conservatives seeking political power by any means, Sowell's conservatism deserves attention. If you are ready to be challenged, read it!
Anointed.......2004-08-01
Dr. Sowell offers a very readable argument for the proposition that people should make political choices on the basis of what is actually good for them, and not on the basis of what their self-appointed "betters" think that they ought to want. Required reading for anyone whose political feet are not already set in concrete. Love it or hate it, it will force you to think. (Your brain is more important than your abs.)
This book is excellent, but must be read VERY carefully........2002-01-22
I have read about 12 of Thomas Sowell's books now, give or take. They do tend to be over-wrought with detail, but in this case it may be that he really did need as many pages as he used to say what he did and could have used more by filling in specific examples.
Kudos to Sowell for using the very accurate idea of *social behavior* as a basis for explaining intergroup difference (rather than something so tenuous as IQ), and the separation of the actions of specific agencies from "society." Most writers do not bother to clearly delimit their operational terms and working notions. Also particularly clever was his observation of how institutions work as a matter of *self-interest* and create problems because it is in their best interest to have these problems.
The book must be read LINE by LINE. When he uses some of his very abstract statements to characterize a social process it is often NOT filled in with details. A theme that appears in many of his books is: "If it has happened once, it will happen again independent of settings." While you go through and read some of his statments, you will have to think back through your experiences of life and see if you have seen the same situation. And THAT is what makes this book take such a long time to read--expect it to take a month if read properly.
The index is excellent and I found it particularly useful for referencing subjects like black IQ research and things like that. Well researched if nothing else, and it goes a LONG way in explaining current situations by extrapolations of things in the book itself.
Perhaps it could have been made just a bit easier to read. Again: this is NOT light reading, and while it is chock full of information, it is WAY over the heads of most people.
This book is *required reading* for young black Americans. If paid careful attention to, it will do great things to break some of the bad habits that have infected us for a long time now. Really, it is a good book for any people who are looking for concrete reasons for group differences. And maybe in the case of the readers who would be the greatest beneficiaries of it (black Americans, from my view), it would undo some of the damage caused to young Blacks by Black Studies departments across the nations.
Feel free to email me with any questions/ comments.
Knowledge can be costly..........2001-06-19
This is indeed one of Sowell's tomes. Knowledge costs are different for different people. Some knowledge is extremely costly to acquire in both time and money. Articulation may not be an expression of knowledge, but a talent for using words; however, some incorrectly think that if someone has good articulation, then he must know what he is speaking of.
Sometimes the most important decision to be made is WHO is to make a decision. The further away from the knowledge on which the decision must be based the "decider" is, the less informaiton he has and he is more likely to make an incorrect decision. This explains the folly of most regulation: generally speaking, regulators cannot know what it is they are regulating. Shocking as this might be, but it takes sometimes years - maybe decades - for one person to gain knowledge in some areas of patient treatment, but yet people in the FDA regulate the medical industry anyway with the total impossibility of them ever knowing even a fraction of a percentage of what they are regulating! Of course, this is not unique to the medical field, but applies to all fields - regulators are too far away from the correct KNOWLEDGE to make some types of decisions. This fact of knowledge is inescapable, permanent, and nobody can change it.
Sowell also shows the effects of insurgent movements on social policy and how the movements still exist long after they have outlived their usefulness - beyond their point of diminishing returns. He also shows how the courts really screwed up the judicial system by crusading for social causes instead of interpreting the constitution. In the quest for "solving" problems, many social insurgent groups forget that some problems will never be solved and we just have to live with the necessary trade-offs such situations present to us - some of these groups forget that their "solutions" create other problems that they did not forsee. They forgot that life's problems is weighing trade-offs and some "solutions" replace one problem with another.
The theme, for the most part, is coming to terms with a fact of life: we must decide what trade-offs we want to live with. We cannot perfectly manage all of the information out there, and some of the information is too costly to get for some people. We must balance what we know against the chances of what we do not know. Much is left to chance and that is life.
Average customer rating:
- Intriguing analysis of the forces shaping the future
- Thought-provoking, irresponsible, and sometimes comically incorrect. But fun.
- Good Cliff note summary of current events
- Interesting read
- Past, Present, Future, Global, Local
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Powerful Times: Rising to the Challenge of Our Uncertain World
Eamonn Kelly
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Customer Reviews:
Intriguing analysis of the forces shaping the future.......2006-12-18
Eamonn Kelly's predictions aren't as simple as those offered by some futurists, but that's because he's trying to be realistic about the complexity of "powerful times." And while Kelly's ideas aren't simple, they are clear. You can take any one of his predictions, such as the growing importance of water or the rise of consciousness about the sacred, and work through the implications for business and home life. In fact, Kelly explicitly asks readers to do so. His afterword poses a series of questions about how individuals and organizations are experiencing the changes he enumerates and invites readers to share their ideas within their organizations and on his Web site. Kelly emphasizes that humanity has just begun to feel the effects of many of the high-profile changes of recent decades, and that they haven't yet worked their way through the global economy. If the book has a weakness, it is that it's so focused on the United States. Kelly's treatment of Western ideals in general, and of U.S. military and political aims, seems to take America's self-image for granted. We recommend Kelly's book to policy wonks, executives involved in change management and, in general, anybody seriously planning for the future.
Thought-provoking, irresponsible, and sometimes comically incorrect. But fun. .......2006-10-13
Powerful Times has promise as you plow through the first handful of chapters. I've done quite a bit of future `ideating' mostly for product innovation to have concepts like `clarity vs craziness' - something we called, `synthesized sense-making' at work - and `technology acceleration vs pushback' - resonate with me. His arguments make sense and they feel like they're pointing to a powerful conclusion.
And then, something happens that makes you distrust everything you haven't researched yourself. For me, it was when that old bogie-man, "global warming", came out under the heading, `people and planet'.
I don't know if you have a poster of Al Gore in your dorm room or not, but when confronted with often-quoted-but-usually-disproved data points like polar ice melting (except where it's thickening), sea levels rising (plate tectonics, anyone?), and "NASA" saying the ten warmest years on record have all happened in the past twenty years (except for the entire decade of the 30's), I start to doubt everything else I've just read. (Take the time to read Sen. James Inhofe's speech on Capitol Hill from 9/25/06. He's the Chairman of the Senate Environment and Public Works Committee at the epw dot senate dot gov website - you'll have to hunt for it from there, as Amazon doesn't like reviewers to embed URL's. Most all of the current hype on global warming gets pretty clearly debunked here. And if that wasn't enough fun, pick up Michael Critchton's `State of Fear'. There's just too much hysteria against a backdrop of conflicting data and more conflicting politics to buy this hook, line and sinker).
After you fully defoliate the chapter on global warming, you are then faced with vignettes on how China is poised to offer the world advances in environmental conservation. Is it just me, or do you also recall hearing that a few hundred cities in China had air so bad you needed a catalytic converter just to breathe normally? Given China's record, it's hard to see anything done on an environmentally sustainable basis for its own sake.
So if I can't buy the stories on global warming or Chinese environmental stewardship, what am I to do with vignettes on the "African Renaissance" in scientific research? Frankly, I don't know whether there's any merit to this one or not, but his track record is getting a bit suspect at this point. (It's funny, I'm also reading Robert Young Pelton's `World's Most Dangerous Places', so the difference in perspective leads one to pause. I don't know about you, but my money at this point is on Pelton).
In "Prosperity and Decline", we're told that Brazil's "experiment in free trade" of violating patent laws on pharmaceuticals to provide AIDS drugs for free is a `vindicated' strategy because of lives saved and thus represents a bold new twist on free trade. Huh? I'm all for saving lives, but maybe the Brazilian government would pick up the tab next time? I take it that Hwa Wei's pirating Cisco software is excused because the domestic Chinese market now enjoys US-style router technology without all those pesky big invoices.
This is the second great red flag of the book - a huge disconnect in critical judgment. However, let's continue to suspend disbelief and plunge ahead with our story.
After two chapters that feel a bit out of place - governance and innovation - we get into three potential world scenarios, all of which are plausible in the author's view: "The New American Century", "Patchwork Powers", and "Emergence".
"The New American Century" assumes a greater American role in world affairs, with the ascendance of "American Values" on the global stage as the center piece. Free trade, democracy, the pursuit of happiness, individual freedom, etc., all presented against the sinister backdrop of American military might. You almost had us there.
"Patchwork Powers" operates under the assumption that the world always knew George W. Bush was up to no good, that the war on terror was illegal, and now "America has been put in its place". In other words, the Democratic National Committee platform. This scenario unfolds with regional powers - India, China, and China - taking a greater role, and Europe pretty much sinking beneath the waves. The superpower is dead. Long live the Junior Varsity.
"Emergence" illustrates the rise of the individual, flash-mobbing their way to political primacy, with nations crashing under their own bureaucratic hubris. Innovation sky-rockets for some reason, open source replaces intellectual property rights and terrorism runs amok. This is pretty close to hell, unless your vision of the future looks like "Blade Runner".
The number of not-very-subtle digs at the US and its president become a bit tedious. Sure, I'm biased -- I pay property taxes, travel internationally, and have a family, which makes me like things like stable currencies, the rule of law, economic growth. The irony, given the author's clear anti-American biases, is that "The New American Century" is the only optimistic scenario he presents. The reasonable idea that a "New American Century" with China beginning to take baby steps towards a leadership role, India being "open for business", and Middle East and Latin America (hopefully) finding their way towards real representative government and stable economic policy is not just possible, but hopefully our collective goal. The other scenarios all sound like a global retreat from where we are today - economically, politically, and socially.
The first half of the book gets four stars. The middle needed an editor. The last few get a two. I'll round up to a three.
Good Cliff note summary of current events .......2006-09-20
Airplane read. Book is current ... data based. Diverse news roundup with links to future implications. Can't recall any high concept take aways.
Buy it soon ... not much shelf life
Interesting read.......2006-09-06
Powerful Times is an examination of what the author presents as seven powerful dynamic tensions that will fundamentally reshape human life. What are these seven tensions? Some we are already seeing regularly in the news as the conflicts between the secular and the sacred. Others are also obvious like the tension between clarity and craziness. Still others become fascinating in the way the author develops them; like power and vulnerability, technology acceleration and pushback, intangible and physical economics, prosperity and decline, and people and planet. This is an in-depth exploration of the challenges and changes of governance and innovation. One of the more interesting ideas presented here are what the author sees as the three different scenarios for potential world orders that might evolve as a result of these tensions. This is a bold look at the forces molding our world as we know it and how they will change that world in the near future. Powerful Times is an interesting read and recommended to business and civic leaders at all levels.
Past, Present, Future, Global, Local.......2006-08-02
Author Eamon Kelly covers a lot of contemporary issues in "Power Times: Rising to the Challenges of our Uncertain World." Many current issues and circumstances are discussed: terrorism, technology governance, history, globalization, global warming, AIDS, oil dependence, and much more. Lots of stats and charts on a variety of topics that are different, but related to one another - and us.
At first this book takes us back in time. To the sixteenth century to Pandolfo Pretrucci, who had dialogues with Machiavelli. Soon after we travel to the Treaty of Westphalia in 1648, which ushered in a new national order that contains the basic model of what we have today: the nation-state. Author Kelly writes, "The importance of the nation-state has underpinned all subsequent centuries of European and world history. Certainly the nations-states are committed to achieving peace (not always successfully) and prosperity for their citizens....we have to think of the nation-state as the natural level and form of governance."
This is a worthy statement, as the entire concept of the recent nation-state has shaped our world so much. With this model comes the quest, organized greed and usurpation, and infinite conflict over territory and natural resources, the world over. A good move by Kelly to note the nation-state. No one else does anymore, save a history class on 17th Century Europe. This historical introduction is finished off with a massively profound quote from Pretucci: "The times are more powerful than our brains." (Huh?)
Chapters:
1. History Unleashed
2. Clarity and Craziness
3. Secular and Sacred
4. Power and Vulnerability
5. Technology Acceleration and Push Back
6. Intangible and Physical Economies
7. Prosperity and Decline
8. People and Planet
Section 2 - What if?: Changing for the Challenges Ahead.
Chapter 9. Governance
Chapter 10 Innovation
Section 3 - What's next? Scenarios of the Future
Chapter 11 Three Snapshots of the Future
Section 4 - So What?: Acting in an Era of Transformation
Chapter 12 Creating our New Future
Afterword: Using This Book in Your Life and Work.
My favorite sub-chapter: "Goggledygook and the Gorilla."
Many pithy quotes from famous folks are noted. One of my many favorites is, "A lie gets halfway around the world before the truth has a chance to get its coat on." --Winston Churchill.
One concept of many in this book is a sub-chapter called "Reinventing Capitalism." Kelly notes Peruvian Economist Hernando De Soto's point in his book "The Mystery of Capital." De Soto states that the West has evolved to have an invisible yet essential society of laws, expectations, entitlements, and relationships that support the ownership of property. These conditions make the current structure of capitalism possible." And, De Soto sates that even most Westerners who live in these societies don't even understand how this system works, nor know much about it. Therefore, when the IMF, World Bank, and other agencies attempt to place these Western systems on foreign societies that don't have the underlying bases for these systems to begin with, the result if often not successful nor the most optimum way. De Soto's work has gotten attention and even Bill Clinton has noted his work in contemporary economics.
Many things I found interesting are: The Defense Advanced Research Projects Agency (DARPA), the number of nanotechnology patents which have increased exponentially in the last 5 years, Moore's Law: the number of transistors per square inch on an integrated circuit doubles every 18 months. And what is the most costly computer crime, of all computer crimes? Theft of Proprietary Info.
A wide variety of information here, and in the back of this book there is an open questionnaire, where you can answer some of the major questions on the topics presented and apply them to your own life, views, and work. Tons of things in this book that you can dabble into, and you can get further reading material from the citations.
Interesting was the "dilemmas for the world's only superpower." The dilemma in large part, has been caused by the world's only superpower. A check and balance is needed.
Great book.
Book Description
"Magisterial history...one of the most comprehensive histories of modern capitalism yet written."—New York Times Book Review
In 1900 international trade reached unprecedented levels and the world's economies were more open to one another than ever before. Then as now, many people considered globalization to be inevitable and irreversible. Yet the entire edifice collapsed in a few months in 1914.
Globalization is a choice, not a fact. It is a result of policy decisions and the politics that shape them. Jeffry A. Frieden's insightful history explores the golden age of globalization during the early years of the century, its swift collapse in the crises of 1914-45, the divisions of the Cold War world, and the turn again toward global integration at the end of the century. His history is full of character and event, as entertaining as it is enlightening.
Customer Reviews:
HAPHAZARD NARRATIVE; AUTHOR HAS VERY WEAK UNDERSTANDING OF SUBJECT MATTER.......2007-06-21
Of all the many books that have come out in recent years about global capitalism, finance and economics, this is certainly the worst. The author, a professor of government at Harvard, professes to specialize in international monetary history, but is really what his tenure title says he is, a professor of International Peace. He appears to be trying to reinvent his career by tackling the subject of capitalism but thoroughly lacks understanding of the subject matter, as made evident by his book.
1. The author makes the same mistake that virtually all political science professors do when they write about capitalism: he glorifies the gold standard, he glorifies the Rothschilds and glorifies everything that had nothing to do with the emergence of twentieth century capitalism. The author is using his expertise in international relations to analyze a subject that is really never about governments, or grand alliances or fancy bankers. He thus fails to root the story in the advent of technology, or of business procedures or of the individual investor, but focuses instead of John Foster Dulles and Dean Acheson and Lord Halifax.
2. Wherever the subject matter is strong, the book still fails badly. It does so because political economy is better analyzed by Robert Gilpin and others, whose books are mandatory reading and well written and which do not pretend to sell that subject matter as a study of capitalism.
3. The book's sections are surprisingly badly arranged. Sometimes one feels the author may have a method to the madness but I doubt it after having read it. It is certainly not thematic, or designed to trigger thought or chronological.
4. The book refers to a poem only twice in the 500 pages and it is about the King of Ghana! I mean a professor at Harvard should surely know how to maintain balance in his subject matter. Is that the one poem he could find worth including?
5. Stunning is the lack of understanding of the issues. He describes Britain as fully supportive of free trade mid-19th century but fails to consider how colonialism could be a form of free trade. He describes China Turkey and India as the only failures of the early 20th century without making the same connection with colonialism.
6. Worse is his understanding of the gold standard. He never mentions that that relic was responsible for more misery than anything other than world wars. He fails to consider that since the gold standard was weakened in the Forties, there have been NO PANICS RAVAGING SOCIETY. He is a gold bug.
7. He repeats William Bryan's Cross of Gold speech twice in the narrative with no suggestion that he is even aware his haphazard narrative is repeating the same quote. He also fails to mention that William Bryan was not buried in the election of 1896 but actually came to dominate the 20th century, what with unionism, minimum wages, no gold standard, empowerment of the individual investor and every other idea that Bryan first espoused. TR's and FDR's reforms were nothing if not Bryanism.
8. Why would a book mention so much about Rothschild's and their family in the US without mentioning Jacob Schiff, or detailing JP Morgan, or RObert Lehman or Albert Gordon. I mean the author simply has no balance on the subject matter because he knows so little about it.
9. Finally, it is not clear what Jeffrey Frieden is doing at Harvard. Such poorly researched fare is common to COlumbia Business School and its Dean Glenn Hubbard, or to the Hoover Institution or some place like that. Harvard on the other hand puts out more balanced and far more thoughtful pieces.
BAD BOOK THAT MUST BE AVOIDED.
Almost tempted to give it a miss.......2007-04-23
I was almost tempted to give the book a miss after seeing the high ratings that were given by reviewers that seemed to be anti-globalizationists (what an awkward term!)
However, I came across the book at my library and gave it a chance, and I was not disappointed. It is a book that does a creditable job of summing up the ups and downs of the world economy over the past hundred years and more. And it also does a fairly good job of raising some issues and problems with the world economic system, and how the system had evolved to meet those issues and problems. On the whole, I think it's a balanced book, pointing out the critical need for free and integrated markets to raising millions in the world out of poverty, as well as some of the problems facing them.
The only reason why I gave the book a four rather than a five is that it is not an easy read, and it is best read with some thought and analysis on the reader's part. Not necessarily a bad thing, but not something for everyone.
By the way, do ignore those reviews that pretend to tell you what the author was saying in his book. I'm not sure that he's actually saying what they say he is saying.
Read the book for yourself. It's worth the time and effort.
Globalization 2.0.......2006-07-12
Jeffrey Frieden, a Harvard professor specializing in international trade and finance, has written a masterly and comprehensive history of capitalism from 1870 to the present. His history of globalization reminds us that it is not a recent develpment and that its current success is not guaranteed.
The first era of globalization (1870 to 1914) had many of the same characteristics as today's. There was an unprecedented cross-border movement of goods, capital, and labor. (Labor more so in the first era.) During these years huge amounts of capital moved overseas to America, Canada, and Argentina mainly due to the reduced costs of communication and transportation. The technologies driving this globalization were the telegraph and railroads. It was also facilitated by the fact that most currencies were convertible to gold. The investment in the Americas was also followed by a huge immigrant population. In these years, America, Canada, and Argentina had much larger immmigrant populations at the turn of the 20th century than today.
The main thing that distinguishes the present globalization from the first is what happened in between. After the Great Depression and World War II remedies were put into place to mitigate the damaging effects of these economic and social catastrophes. Social benefits such as unions, minimum wage, healthcare and pensions were established as safety nets. In the era between the two globalizations when economies were mostly national the safety nets were part of the social contract between capital and labor.
In 1980, when our current era of globalization begins, capital began to move overseas again in order to find countries with lower labor and social costs. This time, however, labor did not follow. The industrialized countries now have large middle classes with social benefits promised who are not certain about how they are going to be paid. This is causing many in the industrialized world to have second thoughts about our current phase of globalization.
Frieden has a guarded optimism about global capitalism and thinks it is still the best system for distributing wealth. Yet, his last chapter "Global Capitalism Troubled" points to some more clouds on the horizon. There seems to be a growing gap between those who control capital and those who work for a living. People understand that globalization is inevitable but they want a new set of rules to address the growing inequalities.
Frieden is a cheerleader for a more equitable capitalism that can deliver both social benefits and robust economic growth.
Bottom Line: Unfettered Capitalism is Destructive, Need Government.......2006-06-27
I read books in groups, and bought this one along with David Walsh's "Knowledge and the Wealth of Nations" which I recommend above this one is you are only buying one book. I also read and have reviewed "Global Class Wars" as well as all other books I recommend below.
Although I was less interested in the history, which is very well documented and clearly explained, and more in the lessons for the future, I found two clear bottom lines in this book that are supported by its extensive research:
1) Open societies and open democracies generate more money and more opportunity and more innovation than closed or failed societies; and
2) Keynes was right, there is an urgent vital role for government to play in addressing the social networks, including education, transportation, rules of commerce, and so on, that allow capitalism to work.
The author distinguishes between individual, cooperative, and competitive capitalism, and I found validation in this book for my concept of communal capitalism, a capitalism that is guided by government in avoiding the exportation of jobs, the importation of poverty, and the impoverishment of the middle class.
Unlike David Walsh's book, this book has more of a focus on what is moral and pragmatic, and so I recommend William Greider's "The Soul of Capitalism" as well as John Perkins "Confessions of an Economic Hit Man."
I have a very strong feeling from this book and others, that the era of "out of control" capitalism is drawing to an end. We may even see the end of the corporation as a separate legal personality in the next 12 years. The transparency of information that is available when people attach themselves leech-like to a corporation and hold it accountable (see my review of "No Logo") is creating a powerful antidote against the Enrons and Exxons and Wal-Marts of the world who bribe elites and screw over the publics on both ends. I also see Wall Street losing its ability to "explode the client" (see my review of "Liar's Poker"). A great deal of good will be done in the next quarter century, and it will come from a combination of good government and educated engaged citizens working together across all boundaries.
Very Pleasing to Read (Even for a Proletariat like Me).......2006-06-25
I read this book for a graduate-level economics course. It's not an "Econ for Dummys" book, but it really enightens the reader about the history of economics in the 20th Century. It's smart and straight-forward. The author does not interject his personal perspectives, which is nice. He just puts it out there. A definite must-read for those entering the field of economics/history.
China Shakes the World: A Titan's Rise and Troubled Future -- and the Challenge for America
Planet India: How the Fastest Growing Democracy Is Transforming America and the World
The Black Swan: The Impact of the Highly Improbable
The Elephant and the Dragon: The Rise of India and China and What It Means for All of Us
Sacred Games: A Novel
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