Book Description
Wouldn't you love to abolish the IRS. . . .
Keep all the money in your paycheck. . . .
Pay taxes on what you spend, not what you earn. . . .
And eliminate all the fraud, hassle, and waste of our current system?
If so, the FairTax is for you!
A smash #1 New York Times bestseller from the moment it went on sale, The FairTax Book launched a massive grassroots movement across the country with its dramatic call to rid Americans of the punishing burden of income tax. Talk-radio firebrand Neal Boortz and Congressman John Linder are leading the charge to replace the current tax system with the FairTax -- a simple 23 percent retail sales tax on new goods and services that would eliminate the reviled IRS and replace it with a system that's fair to all -- while jump-starting the U.S. economy, bringing businesses and jobs back to our shores, and recapturing billions of untaxed dollars currently lost to criminal and offshore businesses. Americans would get to keep 100 percent of their hard-earned paycheck . . . and April 15 would become just another beautiful spring day.
Endorsed by scores of leading economists -- and gaining momentum in both the House and the Senate -- the FairTax Plan could revolutionize the way America pays for itself. Here -- revised and updated, with a new afterword by the authors -- is the straight-talking book that started it all.
Download Description
"
Wouldn't you love to abolish the IRS ...
Keep all the money in your paycheck ...
Pay taxes on what you spend, not what you earn ...
And eliminate all the fraud, hassle, and waste of our current system?
Then the FairTax is for you. In the face of the outlandish American tax burden, talk-radio firebrand
Neal Boortz and Congressman
John Linder are leading the charge to phase out our current, unfair system and enact the FairTax Plan, replacing the federal income tax and withholding system with a simple 23 percent retail sales tax on new goods and services. This dramatic revision of the current system, which would eliminate the reviled IRS, has already caught fire in the American heartland, with more than six hundred thousand taxpayers signing on in support of the plan.
As Boortz and Linder reveal in this first book on the FairTax, this radical but eminently sensible plan would end the annual national nightmare of filing income tax returns, while at the same time enlarging the federal tax base by collecting sales tax from every retail consumer in the country. The FairTax, they argue, would transform the fearsome bureaucracy of the IRS into a more transparent, accountable, and equitable tax collection system. Among other benefits, it will:
- Make America's tax code truly voluntary, without reducing revenue
- Replace today's indecipherable tax code with one simple sales tax
- Protect lower-income Americans by covering the tax on basic necessities
- Eliminate billions of dollars in embedded taxes we don't even know we're paying
- Bring offshore corporate dollars back into the U.S. economy
Endorsed by scores of leading economists and supported by a huge and growing grassroots movement, the FairTax Plan could revolutionize the way America pays for itself. In this straight-talking book,
Neal Boortz and
John Linder show you how it would work -- and how you can help make it happen.
"
Customer Reviews:
More for the rich.......2007-10-17
"THOSE WHO CHOSE PARENTS WISELY MAY TAKE CREDIT FOR SUCCESS; OTHERWISE, IT'S ALL FORTUNE."wlf
The FAIR TAX is another method used to further enrich the wealthy and change OUR GOVERNMENT INTO AN ARISTOCRACY.
If a family is bringing in millions of dollars and purchases only necessities, its Power (money) grows rapidly. After it accumulates a large amount (money) it can purchase vast capital (machinery, land, buildings) at once and have true Power over many people. That is an oligarchy (the conservatives are working to attain it and dismantle the New Deal), which can turn into an aristocracy. Inheritance to those who do not deserve such largesse promulgates that dangerous threat to our form of government. As clearly shown by George W Bush, inheritors can wreak terrible damage on this country.
Progressive taxation, instituted by judicious leaders, has a prime purpose of keeping the WEALTH GAP at a reasonable level to prevent revolution by those unable to take part in our country's bonanza. That developing bloodbath today is obvious in our criminal class, which, due to most citizens' greed and selfishness, lives the only way it knows how, as predators.
If you want a country of SERFS AND MASTERS, then work for the `Fair Tax.' It will arrive quickly unless a vigorous progressive tax is resumed to slow the flow of too much wealth to the already affluent.
For everyone.......2007-10-06
Yes, it's a book on economics and taxes, but Mr. Boortz helps to make it an entertaining and easily understood book. While it pretty much explains the theory of the fair tax in full and is a great place to start, it's a good idea to do your own research into the fair tax, studying the pros and cons. Just be sure that you understand the basics, or else you may get confused by anti-fair tax information that gets an idea wrong or blatantly lies...
The Cure for a Disease Known as Income Taxes.......2007-10-03
In this book, Boortz and Linder discuss the abolishment of the income tax. Under this system, wages would not be taxed at all. As an alternative to raise revenue for the government, they propose a national sales tax. The goal is revenue neutral so that same amount of revenue would be collected to run the government.
This would allow the individual to choose when they paid tax. So those who save and invest money rather than spending all of it, would come out much better.
The proposed sales tax rate would be around 23%. While this may sound high, one should keep in mind that no tax would have been withheld from his or her paycheck. For example, say that the average household income for America which is approximately $40,000 a year were not taxed. This would mean the Joneses get to take home all $40,000 of that hard earned income. As it stands today, they are probably only taking home around $32,000 assuming a 20% income tax rate and not considering state, Social Security, or Medicare taxes.
As a component of the national sales tax, they propose that a certain poverty level determination of say $10,000 which would be considered the bare minimum for a person to survive on and each person would receive a "prebate" of $2,300 per year paid in monthly installments. This would significantly help those on the low end of the income spectrum and actually result in additional money to spend on essentials such as food, clothing, and housing. It would also avoid the potential disparities which could occur with a food exemption if the wealthy purchased steak and lobster or other such expensive food items.
Additionally, it would take many of the inefficiencies out of the current system in that each time there is a touch on producing a good or service, income tax is charged. For example, when you buy a loaf of bread, the business who produced the seeds, the farmer who grew the wheat, the mill, the bakery, the trucking company, and the grocery store all pay income tax on their portion of the bread production. By taking the income tax away, the loaf of bread would subsequently be much cheaper (estimated around 25%) from the reduction of built in income tax for a product. (This assumes that businesses will not pay income tax. There would be many rules set up to prevent people setting up "businesses" to evade taxes.)
The Fair Tax also has the benefit of helping prevent tax evasion. Under the current system, there are millions upon millions of dollars of unreported income every year which are not taxed. This could occur in anything from illegal trades such as selling drugs on the street to the legal trades of wait staff or any industry in which cash is used to pay for goods or services but not reported. Every time these dollars were spent by the individuals, however, they would be taxed so this revenue which is currently lost would be collected.
It would additionally get rid of the estimated $265 billion spent annually to comply with the tax code. This is not to mention the 100s of thousands of hours that would be freed up to engage in more productive and enjoyable pursuits.
Economists estimate that in the first year of its implementation the economy would grow by 10.5%. Foreign companies would also have incentive to build factories in the U.S. to take advantage of the eliminated inherent cost included as mentioned in the bread example.
I think that this is a really great idea and hope that it is implemented one day. To learn more about it and see if your congressperson supports it or not, go to FairTax.org.
Fair Tax.......2007-09-29
Excellent reading to get yourself ready to defend the concept when it is attacked by the tax and spend crowd in Washington. It is a quick read and makes a great deal of sense.
A plan for the rich (1.5 *s).......2007-09-23
If you want a fundamental principle of government/society discussed with right-wing, shock-radio bluster, this is your book. Though a congressman is the co-author, the book is simply a continuation of the rant that has been heard daily on a local radio station in Atlanta for over thirty years. We learn early in the book that the passage of the Sixteenth Amendment in 1913 enabling the collection of income taxes is akin to the devastation of Pearl Harbor or the destruction of the World Trade Center on Sept 11, 2001. The IRS is no less than the enemy of the people, fulfilling a Marxian prophecy. You get the general idea.
One would like to think that anyone proposing a fundamental overhaul of our taxation system would first lay out a philosophy of taxation, which must be consistent with a broader philosophy of society and government. You won't find that in this book. The principal author has consistently exhibited a decided lack of social concern and understanding.
The so-called fair-tax is a twenty-three percent consumption tax in lieu of apparently all other federal level taxes: income, dividends, social security, Medicare, corporate, etc. [State taxes don't seem to be addressed.] It has long been held that the wealthy in a nation should pay taxes at a higher rate than ordinary citizens. The wealthy benefit far more than most from government. In fact they have a huge advantage over the rest of us by having an overwhelming say in the choice of those who occupy governmental offices and the consequent setting of policies and decisions. In essence, the rich get richer. They should pay for that largesse.
Consumption taxes are by far the most regressive of taxes that can be imposed. The median earner in this nation spends every dollar on necessary items. The rich do not. In fact a large portion of their income goes towards investments and wealth production. By exempting income, dividends, and interest from taxation, the so-called fair tax would simply exacerbate a tax scheme already weighted to the rich. The tax rate for the rich would plummet; for the poor suckers taken in by the fair-tax scheme, their tax rate would maximize.
The one thing that the book gets right is the necessity of changing the tax system. The loop holes for the rich are disgraceful. The idea that corporations don't really pay taxes is certainly a reality. The book complains about class warfare, not about the one that the powerful have been waging for decades. But the one where the ordinary citizen wants the powerful to get the boot off of his or her neck. But then that merely reflects where the hearts of the author are.
The fair-tax scheme proposed is utterly useless. It seems to assume that consumption is definitive of life - there is no larger context with greater significance and ramifications. For example, issues of power. Usually schemes such as this get a bit of a spike in public interest when first proposed, appealing to ideologues and the ignorant. Fortunately, there usually is no staying power. The length of the attention spans is commensurate with the depth of the knowledge of those jumping on the bandwagon.
Book Description
Tough Choices or Tough Times calls for first redesign of the American education system in a century. This report of the New Commission on the Skills of the American Workforce shows how the dynamics of the global economy will lead to a steady decline in the American standard of living if this country does not undertake the first thorough overhaul of its education system in a century. It shows how our country can graduate 95% of our students (not two-thirds, as it does now) after 12 years and the majority after only 10 years of grade school. It reveals how billions of dollars can be saved by changing the way students progress through the grades and how the money saved could be used to build high quality early childhood education systems, attract the best and brightest teachers, and provide the resources for even the most disadvantaged students to reach world class standards. This hard-hitting analysis describes the kind of economy needed to sustain our current standard of living and kinds of skills and knowledge that American workers need to make that economy work. It also details the dramatic changes in governance, finance, organization, and management of the American education and training systems that are needed.
Tough Choices or Tough Times was written for anyone concerned with the future of this country and the state of our schools and our job training systems. It provides a well-researched analysis of the issues and a compelling set of proposals for changing our system of education.
National Center in Education and the Economy (NCEE) is a not-for-profit organization dedicated to providing young people with the world-class skills that will allow them to succeed in a global economy. The 26-member commission includes former Cabinet secretaries of labor and education, Senators, Members of Congress, school superintendents, CEOs of major firms, union leaders, and governors.
Customer Reviews:
Releiance on Objective Tests.......2007-02-20
This is an interesting and important document from a group who have had considerable influence on education policy. My largest disagreement is the emphasis on external testing rather than classroom assessment. Good art and music teachers both teach and assess creativty. There is no external test for this ability; whose importance is emphasized in the report.
A well-written wake-up call........2007-02-04
This book by the Commission on the Skills of the American Workforce is well written in clear terms with summaries and simple graphics. It is a must read for anyone interested in the future of the US economy. The Commission points out the risks of our poor pre-university education to the US economy. India and China are now competing with the US in the high skilled labor market (not just low skilled) and at lower wages. With the Internet, many jobs can be done anywhere, and companies will hire the best at the lowest cost (Indian engineers make $7500 annually with the same qualifications as US engineers who make $45,000).
The Commission describes how US universities continue to be the best in the world, but grade schools and high schools have fallen behind. In the 20th century the US pioneered universal education, and received an influx of talent, from scientists fleeing Germany before World War II to a more recent influx of Asian students, who stayed and worked here. But now, other countries have passed us in pre-university education and many foreign students are going back to their own countries after graduating.
"A Nation at Risk" came out in 1983, saying "If an unfriendly foreign power had attempted to impose on America the mediocre education performance that exists today, we might well have viewed it as an act of war." The Tough Choices Commission points out that since then we've had a more than doubling of spending on education (inflation adjusted) with only modest improvement. The Commission concludes that the main improvement, standards testing, turns out to be misguided because it is multiple choice, not essay, and thus doesn't teach the creative, out of the box thinking needed for the US to maintain its lead. Multiple choice tests are by definition "in the box" tests.
"A Nation at Risk" proposals in 1983 for merit pay for teachers were resisted, and teachers continue to come from the bottom 1/3 of University graduates. The Commission proposes merit pay for new teachers, with an opt-in choice for existing teachers, combined with higher salaries made possible by eliminating pensions and using 401Ks instead, like other professions. Other proposals include universal pre-school, school choice with funding following students, less bureaucracy and more independence for individual schools, adult education coordinated with the business community, and inter-city schools and supporting social services being coordinated under one person, such as the mayor. Finally, partial funding can be found by reducing the number of students in the last 2 years of high school by allowing board testing at the 10th grade, with those passing going to community college then a university, directly to trade school, or directly to work.
I have separately read that having funding follow the student to encourage competition among schools has been implemented successfully at the city level in San Francisco. The Commission shows that if pensions and vacation time are included, current teacher salaries are actually somewhat competitive. But talented young people prefer money now, and don't know that they would stay in teaching long enough to earn a pension. Thus, pension money could be moved to up front salary and portable 401Ks, with existing teachers having the option of opting in or staying with their pensions.
The proposal to coordinate social services with schooling to help the disadvantaged, such as by putting all under a mayor has been done in New York recently, with great success. By providing programs for kids until 5 PM, and help to their families, the disadvantages of a poor home situation can be addressed. The US economy is healthy because of the waves of immigration it has had over the past 15 years, and we can't afford not to train those immigrants so our business have a talented labor pool to draw on.
The board exams proposed at the end of the 10th grade will provide badly needed motivation to students, since they can get out of school earlier if they work harder, rather than marking time.
To cut bureaucracy, the commission proposed principals be given free reign on how to spend the money they get (which is based on the number of students). Also, school boards would not run schools, but would contract with others (such as private companies, groups of teachers, etc.). The school boards would then become performance contract managers.
Finally, the report proposes training of people in the workforce, since these people will be the largest part of our workforce for some time, and will need more advanced and creative skills.
Finally, a comprehensive strategy forward.......2007-02-03
Citing Winston Churchill, who said America always did the right thing after it had exhausted all the alternatives, the New Commission on Skills of the American Workforce calls for a complete overhaul of American education.
Unlike the Commission Report in 1990, which recommended that we improve our high technology skills and accept as inevitable the movement of low-skill jobs to global competitors, the current Commission draws our attention to the fact that we are losing high-skill jobs to global competitors as well. Such losses are projected to grow geometrically if we fail to act with an integrated whole system response.
The Commission recommends a major overhaul of American education to include how we define needs, develop curriculum, attract and retain world class teachers, focus scarce resources, assess stakeholders, and finance public education. All familiar words, I know, but the devil or angel, if you will, is in the details. Let's look at some of the most important.
Noting the poor scores made by U.S. students on international tests and the prospect that we will lose our leadership position in fields that require exemplary abilities in mathematical reasoning; scientific concepts; writing; creativity and innovation; self-discipline and organization; and teamwork, the Commission calls for regional economic development authorities. These authorities would be responsible for coordinating with existing institutions to develop goals and strategies that would serve as guides for local decisions and channel resources where initiatives contributed to the achievement of such goals and strategies.
The Commission calls for significant changes in school governance. School boards and districts would find their role focused on policy making, facilitation of educational networks, operation of support service centers, reporting, and writing performance contracts with those who operate the schools. Schools would be operated by independent contractors and would have complete discretion to determine spending, staffing, calendar, organization and management ---- all subject to the same safety, curriculum, and testing standards as other schools. States would recruit and train teachers; build standard curriculum and assessment agencies; investigate, review and approve networks; contract for special services; and develop statewide schools to serve gifted children.
Teachers would be employed and licensed by the state. Their compensation would shift from current practices, which are back-loaded to emphasize pensions and defined health care benefits, to one which is front-loaded to emphasize cash compensation. Under a front-loaded approach, pay for beginning teachers would be $45,000. Competent academic-year teachers could receive $95,000 and competent calendar-year teachers as high as $110,000. In addition, incentive pay would be paid to teachers willing to teach in remote areas, tough urban areas, and in fields with labor shortages like math, science, language, and special education. The objective of all these changes is to recruit, develop, and retain individuals who had graduated from the top third of their high school graduation classes.
To discover where much of the money is coming from to pay for these changes, you have to examine their recommendation in the area of assessment. Essentially, the Commission wants to shift American education from a system that is time-based to one that is based on merit, using Board Examinations to control progression. They would allow high school students to sit for the initial board examinations at the end of their sophomore year. If they score well enough, they will be allowed to begin a two-year technical training program or to enter a four-year degree program. Those who scored less well would remain to prepare for the second board examination which, when passed, would allow them to attend a state college or university. Neither progression would permit remediation at the next highest level. In short, no one would be allowed to progress unless they are ready and no one would be held back based on a scheme that honors time more than it does competence. The Commission expects this progression scheme to save $67 billion.
In addition to teacher compensation, the Commission would spend part of the savings on high-quality, universal early childhood education for three and four year olds. Supplemental funding would be made available to help schools with high concentrations of disadvantaged students, e.g. screening and diagnosis, tutoring; community involvement, etc. School financing would be a state, rather than a local matter. And the state would use a uniform funding formula that emphasizes equity over equality. New Federal money would be sought to fund interest-bearing Personal Competitiveness Accounts. These accounts would be funded by the Federal government with a $500 deposit at birth and annual contributions made to age 16. The fund would accept tax-free contributions from employers, states, and individuals. From these funds, individuals could draw to improve their education and skills as adults.
Reactions from the educational establishment have been mixed. Predictably, all favor high-quality universal education for three and four year olds and for injections of more money into the educational system. No one, however, wants to support recommendations that would require substantial changes for their membership. The National Education Association (NEA) doesn't want to support the shift in compensation because their current membership favors back-loaded systems. Neither the NEA nor the National School Boards Association wants to give up local funding and operation of schools. Finally, the National Association for College Admission Counseling cautions against using Board Examinations if they are built on the foundation of European models.
All stakeholders need to realize that the situation has deteriorated to such a point that anything less than a major transformation of American education risks being characterized as rearranging the deck chairs on the Titanic. As the Commission emphasizes, this is not a set of recommendations to be cherry-picked. Instead, they require a thoughtful, soul searching reflection and authentic dialogue to meet the challenges that are quickly coming into view.
It's Time to Put the Professionalism in Teaching.......2007-01-29
While there are some debatable aspects of the TOUGH CHOICES OR TOUGH TIMES report, the call to elevate teaching to the professional level it deserves is certainly long overdue. One problem the report doesn't explicitly mention is that our education system right now is a two-tiered heirarchy in which educrats--the professional ruling class of policymakers, administrators, and midlevel bureaucrats who don't actually teach--wield far too much power and often earn staggering salaries, while teachers are treated like common day-laborers, underpaid and (often) undermined by the flaky, self-serving policies that educrats impose on them.
The report recommends raising teacher salaries to attract the best and brightest, i.e. those who would otherwise be doctors, lawyers, and other ambitious career professionals, by doing away with current teacher-retirement systems in favor of higher up-front cash rewards and 401(k) packages. Astonishingly, the NEA and other powerful teacher unions are opposed to this. But the fact is our schools are failing us, in part, because teachers are not treated like professionals. Yes, there are plenty of attractive benefits to teaching already, like summers off and seniority-based salary schedules. But the trade-off is that many teachers are willing to give up intellectual authority over their profession and allow themselves to be infantilized by condescending educrats. This is a Faustian bargain, and it's time to break it.
If the commission's compensation plan were implemented, more young and bright professionals would be drawn to the classroom, and they'd (hopefully) stay there rather than hopscotching up to an administrative desk job as soon as they could. They would be unafraid to challenge the bad policies of educrats, and they would serve their constituents (the students and their parents) in far more creative and effective ways, because real professionals do not allow themselves to be bullied. Teachers would finally have intellectual authority over their profession, the same way that doctors, lawyers, and other true professionals do. It may mean sacrificing some comfort and standing up to our own unions, but the long-term results would be well worth it. Independence, as we already know, sometimes comes at a high price.
Creativity and Innovation.......2007-01-24
This report, the result of the second Commission on the Skills of the American Workforce in thirty years, represents "the canary in the mine." It is a warning to law makers, educators, students, parents and business people that we must overhaul the American educational system. Emphasis on creativity and innovation needs to be added to student learning and assessment as well as high levels of critical thinking. Instead of pushing toward analysis, teachers need to devise ways in which students can synthesize their learning; for example, thematically combining the content of a World Civ class with scientific breakthroughs. Creativity and innovation is the only way in which we can claim U.S. superiority in the fast approaching future. Countries like India and Japan are already ahead of us. We need to catch up quickly or lose our standing in the world marketplace.
Book Description
C. Fred Bergsten, Bates Gill, Nicholas R. Lardy and Derek Mitchell are the principal authors of this investigative analysis, full of new information and perspectives on China, the result of a year-long task force jointly sponsored by CSIS and IIE, to which distinguished China experts have contributed. It is accessible, narrative-driven, filled with facts, but written for the general reader. The expert judgments presented in China: The Balance Sheet will inform policymakers in Washington, scholars and the business community for years to come.
Customer Reviews:
Little, No Credibility!.......2007-01-11
Pg. 4: "China's average wage is one-thirtieth of the U.S. and its average productivity level is equally lower (and wages, in any event account for only 20% of the cost of producing textiles and 5% of the cost of producing semiconductors)." If so, manufacturers that offshore in China would be stupid; alternatively, "China: The Balance Sheet" has a serious credibility problem. I go with the latter.
Nonetheless, this is still some value to the book for its statistics. For example, the authors believe China's foreign exchange reserves reached $1 trillion in '06, far more than any other country's, and probably more than enough to make serious improvement in its pollution and poverty problems. By 2050, China's economy is projected to be the world's largest; foreign investment only accounts for 5% of its capital growth - the Chinese savings rate of about 33% is more than enough to handle China's growth with money left over.
As for social services, "The Balance Sheet" asserts a mid-90's adult literacy rate of about 80% (vs. 50% in India) and graduates 800,000 scientists and engineers/year, while spending only 2.8% of GDP on education. Healthcare accounts for about 6% - far less than the U.S.' 16%.
Only 16% of China's land is arable, and most of its population lives on it. China's leaders are pressured to improve employment to absorb those leaving rural China, as well as those 40% released from state-jobs (including 80% from state-owned manufacturers).
Bergsten et al are most concerned about the possibility of conflict between the U.S. and China re Taiwan, and they point out that China uses its political (U.N. Security Council membership) and economic muscle to "encourage" others to support it re Taiwan.
China Background.......2006-12-19
I haven't read this book but have read several others by Nick Lardy and studied with him at Yale. I disagee with several reviewers who characterize Nick and his colleagues as ignorant about China and are simply imposing a western view. Nick was studying China and the economy (in Chinese) long before it was a popular subject and is intimately familiar with the country's economy. In a country where data is often obscured by politics, he has done an excellent job of piecing together disparate facts to achieve a coherent whole. He may be skeptical, but he's often correct.
A book for politicians!.......2006-11-05
I find this book extremely dull because it is mainly made up of statements. But then I realise that, written by government think tanks, this book is for politicians.
If you are a general reader and want to understand how China is affecting the world, I recommend China Shakes the World or China Inc. And if are interested in the recent history of China (pre-1978), read Wild Swans.
If you are a business person and want to understand how to do business in China, I recommend The China Executive by Dr Wei Wang.
Another American type of arrogance.......2006-10-27
I can't agree with . Shih "M.Smith"'s review even more. I just can't stand the arrogance tone shown in this book. I got a feeling that the authors simply don't like the progress in China. It seems like the authors are simply trying to minimizing the progress China made and relishing the problems China has.
I seriously doubt the authors ever read any Chinese sources or talk to any Chinese scholar. The authors seem to imply that if the Chinese to follow the American way, then they will never succeed. True, China has a tons of problems. But the Chinese leaders and Chinese people are trying their best to solve them. What annoys me is that some of these authors seem to relish over the fact that China has so many problems
You won't get that much new info about China in this book. Yea, China has tons of problems. Who doesn't know. The authors are trying to answer the most complex questions of China with simplistic answers.
Typical American bias.......2006-10-26
Well, what can I say about this book? With a due respect to the authors, it's the same usual American bias toward developing countries. As an American living and working in China for the past 2 years:
1)It's hard for Americans/Westerners to understand how business is done in China? Well, my answer it's because China is NOT in the West and Chinese people are not westerners. Try learning the language first, be respectful, and don't be so obnoxious.
2)This is the same background noise that I hear from overeducated ideologues: If a country is not like the US, then it must be wrong. I guess the Chinese should have a 4th world healthcare system like the US?
3)I personally feel that some authors wish China to stay poor so Madonna can have a concert there and pretend that the rich countries care. Well, maybe Africa, but not China.
4)Just because you watch CNN, FOX, and NBC, it does not make you an expert.
5)Just because you went to an Ivy League school, it does not make you a genius about other countries and cultures. As matter of fact, it does not make you a genius (period)
6)US should comment less on China and worry about the pointless war in Iraq, the death of our soldiers for a pointless cause, broken US healthcare, outsourcing of the American jobs, broken borders, broken education system, children killing each other at schools...and the list goes on.
7)China has many societal problems; please tell me something I don't know. China is working on it, it takes time, and they are not magicians.
8)If China is so awful please don't do business there nor go visit there. For the fact that there are SO many foreign investments there, makes all business executives and companies from the West idiots.
Book Description
The forces that shape America's most powerful consumer agency
Because of the importance of what it regulates, the FDA comes under tremendous political, industry, and consumer pressure. But the pressure goes far beyond the ordinary lobbying of Washington trade groups. Its mandate-one quarter of the national economy-brings the FDA into the middle of some of the most important and contentious issues of modern society. From "designer" babies and abortion to the price of prescription drugs and the role of government itself, Inside the FDA takes readers on an intriguing journey into the world of today's most powerful consumer agency.
In a time when companies continue to accuse the FDA of nitpicking and needlessly delaying needed new drugs, and consumers are convinced that the agency bends to industry pressure by rushing unsafe drugs to market, Inside the FDA digs deep to reveal the truth. Through scores of interviews and real-world stories, Hawthorne also shows how and why the agency makes some of its most controversial decisions as well as how its recent reaction to certain issues-including the revolutionary cancer drug Erbitux, stem cell research, and bioengineering of food-may jeopardize its ability to keep up with future scientific developments.
Inside the FDA takes a closer look at the practices, people, and politics of this crucial watchdog in light of the competing pressures and trends of modern society, revealing what the FDA is supposed to do, what it actually does-and fails to do-who it influences, and how it could better fulfill its mandate. The decisions that the FDA makes are literally life and death. Inside the FDA provides a sophisticated account of how this vitally important agency struggles to balance bureaucracy and politics with its overriding mission to promote the country's health.
Fran Hawthorne (New York, NY) is a senior contributing editor of Institutional Investor and has connections deep within the business and finance communities. Hawthorne has been covering healthcare and business for more than twenty years for such publications as Fortune, BusinessWeek, and Crain's New York Business. She is the author of The Merck Druggernaut (cloth: 0-471-22878-8; paper: 0-471-67906-2).
Download Description
"The forces that shape America's most powerful consumer agency
Because of the importance of what it regulates, the FDA comes under tremendous political, industry, and consumer pressure. But the pressure goes far beyond the ordinary lobbying of Washington trade groups. Its mandate-one quarter of the national economy-brings the FDA into the middle of some of the most important and contentious issues of modern society. From ""designer"" babies and abortion to the price of prescription drugs and the role of government itself, Inside the FDA takes readers on an intriguing journey into the world of today's most powerful consumer agency.
In a time when companies continue to accuse the FDA of nitpicking and needlessly delaying needed new drugs, and consumers are convinced that the agency bends to industry pressure by rushing unsafe drugs to market, Inside the FDA digs deep to reveal the truth. Through scores of interviews and real-world stories, Hawthorne also shows how and why the agency makes some of its most controversial decisions as well as how its recent reaction to certain issues-including the revolutionary cancer drug Erbitux, stem cell research, and bioengineering of food-may jeopardize its ability to keep up with future scientific developments.
Inside the FDA takes a closer look at the practices, people, and politics of this crucial watchdog in light of the competing pressures and trends of modern society, revealing what the FDA is supposed to do, what it actually does-and fails to do-who it influences, and how it could better fulfill its mandate. The decisions that the FDA makes are literally life and death. Inside the FDA provides a sophisticated account of how this vitally important agency struggles to balance bureaucracy and politics with its overriding mission to promote the country's health.
Fran Hawthorne (New York, NY) is a senior contributing editor of Institutional Investor and has connections deep within the business and finance communities. Hawthorne has been covering healthcare and business for more than twenty years for such publications as Fortune, BusinessWeek, and Crain's New York Business. She is the author of The Merck Druggernaut (cloth: 0-471-22878-8; paper: 0-471-67906-2)."
Customer Reviews:
Highly Informative (and Neutral) Look at the FDA.......2007-08-08
Democrats want more Big Pharma regulation and consumer protection. Republicans want to protect Big Pharma's profits. The tobacco and diet supplement industries want to be left the hell alone. And consumers want miracle drugs for free. Somehow, some way, the FDA navigates the minefields of the food and drug industries every day and tries to base its decisions on science. While some authors take cracks at the FDA because of a political agenda, Fran Hawthorne remains neutral and thus provides the most level-headed look at the FDA that's on the shelves. While the reading is pretty dense, this is a book that every concerned citizen needs to read.
If you want to know about an administration that controls a third of our economy, this is the first step........2007-08-03
If you know nothing of the FDA, than this will blow your mind. By the time you are through half the book you will be considered an expert on the subject by all your friends.
Not one of the more exciting reads, but extremely informative. Not just about what you might think it is about, but much much more. This book will give a clearer view of where we all live.
Interesting look at an important regulatory body.......2006-12-20
For those who have ever wondered how the FDA makes decisions and how those decisions effect companies this is a great starting point. Hawthorne takes an objective stance towards the FDA and shows their faults along with the positives. She tracks several instances of FDA oversight and gives their results. I think the part that tracks the companies progress through the FDA's is the most instructive. One of my fields of study was health and pharmaceutical economics and this was a great way to start learning about the FDA.
Fascinating, Informative Look at Food & Drug Administration.......2005-05-28
"Inside the FDA" is a thoughtful, balanced, and well-researched look inside the controversial and troubled Food and Drug Administration. Author Fran Hawthorne is an experienced business journalist and her skills are evident here.
Digging into the FDA's complex and conflicting world, the book provides an informative picture of FDA's bureaucratic, political, and scientific drivers. Ms. Hawthorne does an excellent job of laying out what the FDA is suppose to do, what is really does, and where and why it fails.
It makes for a great read.
Amazing book, although it misses one key insight.......2005-05-07
Far better and more balanced than any book to date on the subject. The book does an amazing job explaining the external forces tugging in all directions at the FDA without those shrill calls for "reform" made by so-called public interests like CSPI or misguided lawmakers like Hinchey out of NY.
The only thing missing from the analysis are the internal forces. FDA attitudes are very much related to the belief system of the staff and the culture fostered by the institution.
If you've ever been on the receiving end of an FDA action, you know the prevailing culture inside the FDA views the entire industry as the police view criminals. The FDA often seems to doubt every iota of data, question every motive and act as if the administrative procedures which insure fairness are somehow boundaries on a power they believe should be limitless. Many parts of the FDA are an "end-justifies-the-means" culture. Staff who don't toe the line and approach industry with all out animosity and suspicion are often suspect themselves of being deficient in intellect and/or integrity.
The book does a bang up job analyzing external forces. If Ms. Hawthorne actually could have gotten inside the front lines at FDA, she would have had all the facts she needed for a superb analysis.
Book Description
A stunning account of the economic workings of the Third Reich—and the reasons ordinary Germans supported the Nazi state
In this groundbreaking book, historian Götz Aly addresses one of modern history’s greatest conundrums: How did Hitler win the allegiance of ordinary Germans? The answer is as shocking as it is persuasive: by engaging in a campaign of theft on an almost unimaginable scale—and by channeling the proceeds into generous social programs—Hitler literally “bought” his people’s consent.
Drawing on secret files and financial records, Aly shows that while Jews and citizens of occupied lands suffered crippling taxation, mass looting, enslavement, and destruction, most Germans enjoyed an improved standard of living. Buoyed by millions of packages soldiers sent from the front, Germans also benefited from the systematic plunder of conquered territory and the transfer of Jewish possessions into their homes and pockets. Any qualms were swept away by waves of government handouts, tax breaks, and preferential legislation.
Gripping and important, Hitler’s Beneficiaries makes a radically new contribution to our understanding of Nazi aggression, the Holocaust, and the complicity of a people.
Customer Reviews:
Hitler's Satisfied Thieves: Actually, the Case for Nazi German Larceny-and-Genocide Policies can be Made Stronger.......2007-08-19
German author Gotz (Goetz) Aly describes National Socialism as a form of populist wealth-redistribution welfare-state socialism. One-third of German taxpayers paid more than two-thirds of the tax burdens of war (p. 293), and businesses were heavily taxed (pp. 60-68). Hitler favored social equality for all Germans (p. 300), and worked to correct social inequities, notably in education (p. 322).
Pointedly, National Socialism massively transferred wealth from non-Germans to Germans: "In terms of wartime revenues, internal and external, low- and middle-income Germans, who together with their families numbered some 60 million, accounted for no more than 10 percent of the total sum. More affluent Germans bore 20 percent of the burden, while foreigners, forced laborers, and Jews were compelled to cover 70 percent of the funds consumed every day by Germany during the war." (p. 292). Consequently: "On average, the vast and not particularly affluent majority of Germans enjoyed more disposable income during the war that they had before it." (p. 293). Nazism also appealed to those opposed to traditional moral conventions, and to those inclined towards anticlericalism and anti-elitism (p. 319).
Not surprisingly, once voted into power by the German people, Hitler never needed draconian methods to maintain power until the end. Nearly 90% of the German dissenters executed lost their lives after 1941 (pp. 303-304). Unlike Communism, Nazism never demanded absolute devotion (pp. 23-24). In 1937, merely 7,000 Gestapo employees sufficed to handle 60 million Germans, while, in later East Germany, 190,000 surveillance experts controlled 17 million people (p. 29).
Jews weren't the only victims of larcenous Nazi policies--far from it: "This land of milk and honey in Eastern Europe was to be conquered not for the benefit of landed Prussian Junkers and powerful industrialists but to provide ordinary people with a real-world utopia." (p. 31).
Aly breaks new ground by showing that virtually ALL sectors of German society were involved in the expropriation of conquered peoples' wealth. German soldiers not only sent a considerable amount of looted goods back home (p. 178), but were encouraged to do so (p. 311). Later-writer Heinrich Boll (Boell) wrote much about this (p. 110, etc.). Not mentioned is the fact that, in German-occupied Poland, any German could enter a Polish or Jewish shop at any time and take anything at will without paying.
Poles targeted by the Germans for deportation, imprisonment, or execution immediately lost all their properties to the Reich (p. 197, 236). The 8-12 million forced laborers in the Reich, most of whom were Eastern Europeans, toiled under inhumane conditions. They were paid a wage in order to forestall resistance back home, but then the earnings were recouped by the Germans in various creative ways (pp. 156-157).
German-occupied Poland actually had to pay Germany for being occupied (pp. 76-77) "...with the result that the local population endured acute shortages of grain, potatoes, meat, and other necessities." (p. 77), leading to famine (p. 170). (This enables the reader understand why some Poles didn't aid fugitive Jews and why Poles sometimes betrayed or killed Jews known or suspected of stealing from them). Polish guerilla resistance eventually forced the Germans to slightly reduce the harshness of their exploitation of Poland (p. 160).
The Wehrmacht invaded Russia under orders to live off the land, placing 21.2 million Soviet citizens in starvation mode (p. 178). Additionally, millions of Soviet POWs were starved to death by the Germans (p. 175). Aly touches on the eventual Nazi extermination plans against Slavs: "...the most extreme proposal envisioned forcibly relocating 50 million Slavs to Siberia. (For years, the German Research Foundation also supported the development of technocratic plans for the slaughter of millions of people. Funds for research in this area were still allocated in the Nazis' final budget for the fiscal year 1945-46)." (p. 30). Yet the term "relocation" had itself already become a euphemism for extermination.
One Holocaust myth would have us believe that the destruction of Jews had been so uniquely irrational that the Germans would rather sacrifice themselves than leave Jews alive. In actuality, the deportation of the Jews from the island of Rhodes never did challenge the Wehrmacht's transport needs (p. 268), and there wasn't even talk of German retreat at the time of the Rhodes Jews' deportation (pp. 269-270). Once it did occur, the Rhodes Jews' deportation was itself governed by economic considerations (p. 273).
The case for Aly's premise that the Holocaust can't be properly understood without the larceny behind it (p. 285) can be strengthened (see: INTO THAT DARKNESS). Treblinka Kommandant Franz Stangl rejected the presumed Nazi obsession with killing all Jews, citing the creation of "honorary Aryans". Stangl asserted that the Holocaust was actually motivated by financial gain. When confronted with the obvious fact that most Jews weren't wealthy, Stangl retorted with the comment that almost every Jew had some worthy possession that could be confiscated--and that the booty added up.
How the Nazis Made All Germans Complicit in the Holocaust.......2007-07-30
Why is it that there never developed an underground resistance in Germany during WW2? According to this well researched book by Gotz Aly, it was because the Nazis spent like drunken sailors to keep the average German fat and happy during the war. The Nazis understood (from what happened in Germany during WW1) that as long as people were happy on the home front, their Armies wouldn't have to worry about their families and could concen- trate on fighting. They also mad sure that those soldiers who were not directly in battle would have ample resources with which to buy luxury goods that they could then send home.
Using all types of creative accounting, they never had to raise the tax rate that most Germans had to pay, even during the war. They were conspicuous in raising the tax rates on the wealthy and creating a war profit tax on businesses making enormous profits from the war. It's hard not to make money when your help practically works for free (force labor) and you never intend to pay for the raw materials that you purchase (steal).
So where did all this money come from? Well first of all it came via the Wehrmacht who shipped home multiple packages filled with stolen jewelry and other like items. The Wehrmacht paid it's soldiers with money extorted from the occupied nations as well as paying them in local currency that was converted at ridiculous rates. With all the extra money they had, the Wehrmacht was able to buy up anything that wasn't nailed down and strip most of the occupied nations of goods paid for with money that was inflated on the German side of the equation.
The Ministry of Finance took great pains to collect (with the help of the Wehrmacht and local collaborators) and occupation tax that was then used to pay their soldiers. In other words the occupied nations paid to be subjugated by the Nazis. They also looted the treasuries of not only the occupied nations but also those of their allies. They shipped home as much food stuffs as possible without worrying about starving the people of the occupied territories, since they were to be eventually eliminated. Goering said that, 'if some one has to starve, there's not reason that that person has to be a German'.
Lastly, not only did the Nazis (with the help of the Wehrmacht and German social agencies like the Red Cross) steal/confiscate/rob those Jews who were sent to the gas chambers; they also gave away their real estate, businesses, furniture and even clothing to the German public. You won't complain about your government if after you are bombed out, they give you a new place to live, furniture, clothing and even bed linens that might even be better than what you had before. It also costs the government nothing if these items have been stolen from people it plans to kill.
Aly estimates that overall, the money that was extorted from the occupied territories and allies, as well as the revenues collected from the liquidation of six million jews, half a million gypsies (Romi) not to mention 'other' enemies of the German people; covered almost 50 percent of the costs of the war. These costs included the manufacture and production of war material (much of it done by forced slave labor) and the salaries of the Wehrmacht and associated armed forces. Germany never saw bond drives like they had in Britain and the US because of this pool of money that they were able to extort. The saddest part of the story is that many of the financial people who helped the Nazis organize this shell game to pay for the war; ended up working for the Federal Republic after the war.
Fascist capitalism.......2007-06-22
Until recently, histories of the Third Reich have focused on Hitler and anti-Semitic ideology. The Holocaust and Hitler's military adventures have been granted an enormous number of pages. A few historians have placed some emphasis on his incompetent dabbling in military strategy. That picture is overfocussed, and misleading. Goetz Aly addresses a wider scope in this fascinating study of how the Reich was able to perservere in the face of what should have been sufficient cause for its early demise. With extensive research applied to the Reich's economic practices, he ably demonstrates what kept it functioning and accepted by the German population.
The term "Nazi" means National Socialist Workers' Party. That seeming innocuous phrase has been omitted from the consideration of its meaning, according to Aly. "National" and "Socialist" are the key terms. "National", meant just that - policies were aimed at benefitting Germany. "Socialist", of course, is a philosophy designed to benefit the most people - particularly those of the lower economic classes. Aly argues with detailed evidence that this is precisely what the Nazis achieved during the 1930s and through the war years. That it succeeded right up to the end of the Reich is testimony to the effectiveness of the Nazi economic methods. The average German began, and remained the "beneficiary" of a highly manipulated financial system.
It was a complex system. Aly begins by explaining how the Nazi leaders were a group of youthful, dynamic characters. They represented change, particularly in a restructering of the class system. The deprived were to be granted first priority in social benefits. While the 1930s witnessed a slow improvement, the onset of war allowed sweeping economic and social change. This was accomplished primarily by shifting the burden of war costs to the occupied nations. France was the testing ground for many new fiscal techniques designed to maintain a comfortable lifestyle in Germany, while bleeding the local populace of essential goods by imposing "occupation costs". One technique was simply to issue a military scrip to buy local goods. Soldiers were able to ship home foodstuffs and other goods not readily obtainable in Germany. The method worked less well in Russia where the "scorched-earth" policy reduced available foodstuffs and other goods. By the time the Wehrmacht entered the Balkans, however, it had numerous finacial tactics available to apply there.
Throughout the Reich's conquered territories, it was the Jews who bore the greatest of these burdens. A number of new laws allowed financial institutions and tax collectors to fill their coffers. Heavily taxed, then dispossessed of belongings, savings, homes and, of course ultimately their lives, the Jews "contributed" to the Reich's ongoing success in several ways. Their homes and belongings were taken and sold, often to the refugees from Allied bombing campaigns. Resettlement in real homes and apartments, sometimes fully furnished, instead of being sent to refugee camps, maintained German morale. The technique provided the gloss of "successful" government policies. Instead of being swayed by charismatic leadership or effective propaganda, Aly argues successfully that personal comfort bound the populace to an adventuresome regime. As he describes it, the Holocaust will never be properly understood until it is seen "as a campaign of murderous larceny". This book makes a major contribution to that understanding. [stephen a. haines - Ottawa, Canada]
Organized Theft from Occupied Lands and the Jews.......2007-03-29
Mr. Aly presents new and somewhat surprising view of the Nazi years and the effort that Hitler et al went through to keep the home crowds happy. His thesis is that Hitler provided 'guns and butter' through the systematic looting of the property of others including the jews and subsequently the occupied lands. He describes and documents that such looting was not just the looting of fine art from museums and factory equipment to the huge German companies but mundane, everyday items like hams and chairs. As Goring said in a speech on October 4, 1942, 'if someone has to go hungry, let it be someone other than a German.'
The book does not explain Hitler's support before 1933, and the book does not spend much time on happenings after February 2, 1943 (Stalingrad) and April 8, 1943 (Tunesia), nor of course on the last year of the war when the British and American bomber forces were finally getting it together.
The Nazi Robbers.......2007-03-16
Nobody will be surprised to learn that the Nazis robbed the Jews and other nations in Europe. But some of the detail will be new even to those who are well read in the voluminous literature on the Nazi period, and for that we must be grateful to the author. But it must also be said that he relied on the published work of others for some of the most interesting detail even in this narrow area.
Where the author is original is in his reading of the data of Nazi robbery. He argues that the German people benefited from the Nazi thievery, and, he says, for that reason (among others) they gave their enthusiastic support to the regime. He is careful not to dismiss other factors altogether, such as anti-Semitism, but he stresses the importance of the economic benefit to the population.
There are a number of problems with this thesis.
First, the evidence for happiness with economic conditions during the Hitler regime is totally anecdotal. The author has talked with members of his own family and other acquaintances, but there is no assurance that such haphazard interviewing has resulted in a representative picture. The same goes for his unsystematic reading of published memoirs by famous writers.
Is it simply common sense to assume that people are happy when they reap economic benefits? Not in the absence of other considerations. The German people, after all, underwent great hardship under the Nazi regime, especially in wartime. Aly does not mention that, from the point of view of material comfort, they had as many reasons to be unhappy with the Nazis as to be happy. Their taxes were low during the war, says Aly, because the Nazis robbed the Jews and the occupied countries to pay for the war. And low taxes make people happy. Even if your cities get bombed and your sons and husbands die on the battlefield? If, as Aly suggests, it is material benefits that motivate people above all else, the Germans might have been expected to oppose Hitler.
In my view, writers who have assigned greater weight to non-material motivating factors, such as the Nazi theology of anti-Semitism, have given more satisfactory answers to the puzzle of the Germans' wartime approbation of Hitler.
The Germans' happiness with the Nazis, moreover, began long before Jewish properties were expropriated. Why were the Nazis so popular in 1933, 1934, 1935 - before the program of looting was put into effect? On this point, Aly is totally ahistorical. His thesis is one of cause and effect - Nazi robberies having the effect of Nazi popularity. But what if the effect began before the putative cause?
To this reader at least, Aly's thesis lacks logic.
Book Description
Robert A. Manning debunks key myths about the oil industry: that the world is running out of oil, that the Caspian Basin is the new Persian Gulf, that resource scarcity combined with military modernization, economic buoyancy, and nationalism will lead to military conflict, and that territorial disputes among Asian nations are fueled by resource competition. His book assesses the energy challenges and strategies of Asian nations and explores the new geopolitics emerging out of their efforts to meet these challenges.
Customer Reviews:
How to think about energy in Asia.......2006-01-29
It is China's burgeoning energy demand which has nurtured an increased interest into the energy reality in Asia; and yet we still lack the conceptual lens through which to analyze the way that energy markets, and by extension geopolitics, are affected by the profound asymmetry between the demand for energy and the supply of resources in Asia (and East Asia in particular). It is this gap that Robert Manning bridges with the "Asian Energy Factor."
Mr. Manning's angle is captured in these words: "Whether they [Asia-Pacific nations] gravitate--as some have already begun to do--towards market-based solutions and realize the myriad commercial possibilities of foreign investment, regional integration and privatization, and deregulation or older dirigiste models may be the difference between increased conflict or increased cooperation in Asia." Alone, this sentence offers a useful conceptual take on the energy challenge which confronts us: how to push the world to geoeconomics rather than geopolitics in the scramble for energy. Exposing this broad dilemma is the book's prime contribution.
Mr. Manning is also useful in showing how one should approach the analysis of energy questions. Although some of his information is dated (the book came out in 2000), he demonstrates that energy is intricately linked to politics, economics, and geography; any analysis which fails to take so inclusive a view is bound to fail. (His section on Central Asia, in particular, is very good at this integrationist approach.) Mr. Manning's argument that Asia's energy situation can produce sufficient interdependence for cooperation is also very interesting.
To be honest, I diverge with Robert Manning on two counts: he confuses a country's domestic energy realities with its foreign policy. It is possible for a country to combine a commitment to markets with an aggressive foreign policy (there are various times when America and Britain would fit this profile). By referring to many countries' market friendliness he logically concludes that the prospects for conflict are diminished; but in assuming an identity between foreign and domestic policy, I believe that he errs.
(In a later article he exposes the dilemma in these terms: "It is unclear how Asian policy-makers will view the global politics of Asian energy markets. Will they view it through the lens of traditional geopolitics of real estate and sea-lane security? Or will they view it through the lens of geo-economics, where international investment, joint ventures and global cooperation rather than competition for resources and conflict is the prevalent means to satisfy energy security requirements?" But he resorts, again, to looking at domestic politics.)
My other disagreement is with Mr. Manning's unwillingness to explore the ways in which energy can lead to conflict; although I agree with his assessment that energy is often a mere manifestation of underlying geopolitical rivalry, it is still important to uncover the mechanics which can link energy to conflict. By choosing not to explore this idea in detail, I believe that is evades a very important subject.
These disagreements aside, the "Asian Energy Factor" is one of the most important contributions on the subject; by debunking some of the most important fallacies, Mr. Manning allows for the debate to focus on the significant topics. This is even more useful today than it was when the book was first published.
Paucities and Scarcities.......2001-05-23
An excellent work from one of our most important scholars on Asia. Riddled with numbers and graphs, the book is still readable for those just encountering energy politics. The referencing is also excellent, and allows one to delve further into the topic.
His initial chapters on environment/pollution and population growth/demand, and scarcity are important by themselves. Understanding the differences between a scarcity of resources and political limitations or economic bottlenecks on those resources is essential to being able to really forecast the strategic environment. Consequently, the time Manning spends belittling Paul Ehrlich and the Club of Rome is well spent. The country analyses are also very useful, and give one a sense not only of the economics of energy, but of the two way impact of energy and political relationships between countries. With our noble leaders beginning to evoke various fears about Asia, this is very important in understanding the nature and degree of "emerging threats."
Manning might be too bold in divorcing extending military interests with growing energy demands, but it is worth reading the book to develop an opinion on the subject.
I also recommend checking out the Energy Information Administrations's website, which Manning used heavily. It was of great use to me in a recent project: www.eia.doe.gov
Also useful is the cover piece of the January 2001 'Atlantic Monthly.' The piece, "The New Old Economy: Oil, Computers, and the Reinvention of the Earth," in helping advance perspectives of the oil industry. See: http://www.theatlantic.com/issues/2001/01/rauch.htm
Energy Interdependence as an Integrative Force.......2001-03-12
Robert Manning covers a lot of ground in this book, from the Caspian, to India, to Northeast Asia, and challenges a lot of established notions, but two of the points he makes really stand out:
First, he argues that energy interdependence is a potential positive force for Asian regional stability. While a number of analysts (from the serious scholar Kent Calder to the more shrill "Blue Team" types) have argued that China's entry onto the stage as a major oil importer will have serious negative consequences for regional stability, Manning argues that this is far from clear, and that it may actually have positive consequences. Other energy development issues looming in the future, such as the need for natural gas integration in Northeast Asia, can only be addressed by cooperation among regional governments and some degree of mutual interdependence.
Second, Manning points out in his preface how little contact and exchange there is between American analysts who focus on political and security issues, on the one hand, and those who focus on energy from an economic perspective. (As an example, he points out the differing views of the South China Sea between energy specialists and security policy analysts.) Energy issues involve tie-ins with a broad range of national security, economic, and environmental issues, and Manning argues that the policy community could benefit from more dialogue between these two separate sets of analysts. (I've long known this - since my own academic and professional background sort of straddles both groups.)
While the book does suffer a bit from poor editing in some spots, it is definitely a must-read for anyone interested in Asian security issues and/or the region's rapidly growing energy sector.
Intriguing Analysis of an Emerging Geopolitical Concern.......2001-03-01
Without a doubt, energy will be among one of the most important factors determining diplomatic behavior and relations in Asia in the coming decades. The Asian Energy Factor tackles this emerging geopolitical concern through an intriguing analysis of Asia's growing demand for energy and its global political, economic, and strategic consequences. Unique from other authors addressing this under-examined issue, Robert Manning sets the stage by exposing the myth that the world is quickly running out of oil. Technology and new methods of both collection and use of energy have made the impending energy crisis espoused by the doomsayers less of a concern. Manning proceeds to focus on the regional powers (China, India, Japan, Korea, and Southeast Asia) and where their individual energy abilities and needs puts them on the collective strategic map. He examines the commercial and political dynamic between the countries demanding increasing amounts of energy (China, Japan, and India) and those with the reserves (the Middle East and Southeast Asia).
As The Asian Energy Factor aptly points out, energy security is the crux upon which the economic, social, energy, and military policies of Asian nations converge; it is among the most critical issues in the coming decade. Manning delves deep into these economic and strategic complexities and continues to challenge the prevailing wisdom about Asian power structure and energy competition.
Amazon.com
John Perkins started and stopped writing Confessions of an Economic Hit Man four times over 20 years. He says he was threatened and bribed in an effort to kill the project, but after 9/11 he finally decided to go through with this expose of his former professional life. Perkins, a former chief economist at Boston strategic-consulting firm Chas. T. Main, says he was an "economic hit man" for 10 years, helping U.S. intelligence agencies and multinationals cajole and blackmail foreign leaders into serving U.S. foreign policy and awarding lucrative contracts to American business. "Economic hit men (EHMs) are highly paid professionals who cheat countries around the globe out of trillions of dollars," Perkins writes. Confessions of an Economic Hit Man is an extraordinary and gripping tale of intrigue and dark machinations. Think John Le Carré, except it's a true story.
Perkins writes that his economic projections cooked the books Enron-style to convince foreign governments to accept billions of dollars of loans from the World Bank and other institutions to build dams, airports, electric grids, and other infrastructure he knew they couldn't afford. The loans were given on condition that construction and engineering contracts went to U.S. companies. Often, the money would simply be transferred from one bank account in Washington, D.C., to another one in New York or San Francisco. The deals were smoothed over with bribes for foreign officials, but it was the taxpayers in the foreign countries who had to pay back the loans. When their governments couldn't do so, as was often the case, the U.S. or its henchmen at the World Bank or International Monetary Fund would step in and essentially place the country in trusteeship, dictating everything from its spending budget to security agreements and even its United Nations votes. It was, Perkins writes, a clever way for the U.S. to expand its "empire" at the expense of Third World citizens. While at times he seems a little overly focused on conspiracies, perhaps that's not surprising considering the life he's led. --Alex Roslin
Book Description
Confessions of an Economic Hit Man reveals a game that, according to John Perkins, is "as old as Empire" but has taken on new and terrifying dimensions in an era of globalization. And Perkins should know. For many years he worked for an international consulting firm where his main job was to convince LDCs (less developed countries) around the world to accept multibillion-dollar loans for infrastructure projects and to see to it that most of this money ended up at Halliburton, Bechtel, Brown and Root, and other United States engineering and construction companies. This book, which many people warned Perkins not to write, is a blistering attack on a little-known phenomenon that has had dire consequences on both the victimized countries and the U.S.
Customer Reviews:
Confessions of an Economic Hit Man .......2007-10-23
This book will leave your hair standing on end. A riveting piece of work; must read material for anyone trying to understand what is happening to America.
Fact or fiction? Not sure... but.......2007-10-23
The narrative is fast paced and readable. However, in the end one is left wondering about the "facts" and what it means to us.
The book is about the author's account of his involvement in creating "large deals" and later his disillusionment with the idea of being an "Economic Hit Man."
In a sense, I think many consultants too have some self doubt about the "overall value" they help create or how their ideas actually lead towards larger goals. A few end up writing memoirs and books (like this one).
A decent read if you have some time to kill. Nothing more, nothing less.
Not Substantive.......2007-10-21
John Perkins wrote a book that contains no real insight. Most of the information in the book is available through other sources. There was also no satisfaction of him taking us from the start of a project to the end. He speaks vaguely of his various projects, never confiding in us about any details. However, he took ample time to talk about his feelings of guilt and second-guessing. For someone who second-guessed himself as much as he claimed to have, he seemed to make it through a good 20+ years of this work. Without the details, the stories do not have the ring of truth. And, the imposition of his self-doubt and guilt on virtually every page, just leaves the whole story flat and unmoving. And the biggest question is, if he really was a member of such a ruthless and powerful organization, how can it be that he is still alive after writing this book?
Love or Hate it..........2007-10-17
It seems that this book is either a love or hate it affair. I think that the book was a useful look into the ethics of American business and foreign politics, but I also think the book is a little sensational. I must however question the motives of all of those who rated the book, it looks like conservatives rated the book very low, while lefties, tended to go the other way. Like I said I think that the book was an interesting look into foreign affairs, I would read this book again.
READ IT.......2007-10-15
This book, regardless of it's validity, is an interesting read. There are plenty of summaries, I will spare you that, what makes this book interesting isn't in the book, but the questions it raises. What in this book is true? How much impact does the American consumer have on the world? etc... to bigger questions: What impact does anyone (wo)man have on the world? What relations should corporations and governments have? What is Power? and how is it derived? etc...
My advice to everyone I know is: read this book, with an open mind and a large grain of salt.
P.S. Two things, there are parts of this book that are unreadable (e.g. the dream about Jesus) and this book is not for academics, it is, at points, a memoir and for a large portion of the book is a chronicling of world events.
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The Terrible Truth About Liberals
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