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The Unfair Trade: How Our Broken Global Financial System Destroys the Middle Class

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3.64  ·  Rating Details ·  47 Ratings  ·  12 Reviews
A wake-up call for middle class Americans who feel trapped in a post-crisis economic slump, The Unfair Trade is a riveting exposé of the vast global financial system whose flaws are the source of our economic malaise. Our livelihoods are now, more than ever, beholden to the workings of its imbalances and inequities.

The trillions of dollars that make up the flow of internat
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Hardcover, 416 pages
Published May 29th 2012 by Crown Business (first published January 1st 2012)
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Ray
Mar 28, 2013 Ray rated it liked it  ·  review of another edition
Books dealing with economic issues always challenge me. To me, they tend to be dry, academic, mundane. Yet economic issues affect us all, so having an understanding of the issues is important. So I continue to try reading various books on the economy in an attempt to better understand today's economic issues, e.g., the economic collapse of Wall Street and the U.S. economy in 2008, why the Bush Administration authorized the Troubled Asset Relief Program (TARP) to bail out Wall Street and Chrysler ...more
Steven
Dec 09, 2016 Steven rated it really liked it
A must-read book for those who want to understand why the US and European middle classes were destroyed by our 2-speed bifurcated economy and some possible solutions for the future.

If Donald Trump read books, this would be a good book for him to read to see what will work to help American workers (increased infrastructure spending, reducing social security to reduce burden on younger generation) and what will be a disaster to the economy (tax cuts, trade war with China, deregulation, reducing im
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Diane Kistner
Oct 28, 2012 Diane Kistner rated it really liked it
Anyone, especially those in the middle class, anywhere in the world will gain important insights from this book. For those of us who are accustomed to good vs. evil, black and white thinking—the way most members of the American middle class have been conditioned to think by the mega-monied .001%—this book will be quite a challenge to read.

In the first chapters of this book, I had my eyes opened to decisions that were made going as far back as the Nixon administration that have had a deleterious
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Crown Publishing Group
A wake-up call for middle class Americans who feel trapped in a post-crisis economic slump, The Unfair Trade is a riveting exposé of the vast global financial system whose flaws are the source of our economic malaise. Our livelihoods are now, more than ever, beholden to the workings of its imbalances and inequities.

The trillions of dollars that make up the flow of international finance—money that is often steered away from the people who deserve it the most—have not just undermined the lives of
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Michael Griswold
Dec 16, 2012 Michael Griswold rated it really liked it
Michael J. Casey does something few economists have endeavored to do by going beyond America to capture the truly global nature of the economy.

Moving beyond America's shores, Casey travels to such diverse locales as Juarez Mexico, Iceland, the mines of Southern Australia and Peru, and the cattle ranches of Argentina to illustrate how the inequality of the global financial system with its' inequalities enriches one group of people in one location, wealthy, while making localized populations impov
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Vivek Agarwal
Dec 08, 2015 Vivek Agarwal rated it really liked it
This review has been hidden because it contains spoilers. To view it, click here.
Daniel
Nov 13, 2013 Daniel rated it really liked it
This is quite a good book looking at the global effect of "unfair trade". Quite a lot of China-bashing. It appears as though that everything is China's fault. From the huge loads of debt of America, to the uncompetitiveness of Indonesia, to the Dutch disease affecting the mining areas near Perth, it is ALL China's fault. Still it is comprehensive in its view. Problem is, China will do what it will do- to develop its economy, even if they have to build empty condominiums just to tear them down ...more
Randy
Jun 03, 2012 Randy rated it it was ok
Unsubstantiated theories. I expected much better of Casey.

His theories are attractive to the One World crowd... and perhaps he's right. But there is no evidence he is, as he never really considers any alternatives... no deep thought on what causes our current financial problems, and no consideration of options to get out of it.

Instead we are treated to a sequence of tragic figures who were hurt by the mortgage crisis, or enslaved by the Chinese government etc. Followed by Casey's views on global
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Meg
Aug 06, 2013 Meg rated it really liked it
A fairly broad, but still thorough, look at the effect of recent years on the global 'middle class'. I liked the view of other countries, and their current economic status, and how that changes what happens (or what could happen) in the US. A great first book for me to read with 'global economic primer' as the goal.
Timothy Stegall
Apr 09, 2013 Timothy Stegall rated it it was ok
Casey explains China's role in the global financial crisis but neglects to mention the Federal Reserves corrupt policies almost to the point of being apologetic to the big banks. The author will come very close at times to condemning the monetary policy of the United States but then quickly offer reasons why corruption is necessary.
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Jul 18, 2012 Marie Broz marked it as to-read
I'm very interested to learn what the author has to write
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5758059
A native of Perth, Western Australia,
Michael Casey is writer and researcher in the fields of economics, finance, and digital technology and culture. He is currently Senior Advisor for the Digital Currency Initiative at MIT's renowned Media Lab, while also providing consulting services and speaking globally on the evolving digital governance of the global economy. Casey was previously a journalists
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