One World Ready or Not: The Manic Logic of Global Capitalism

Features

• Cover Type: Paperback with 528 pages
• Published by: Simon & Schuster; 1st Touchstone Ed edition February 10, 1998
• Written in: English
• ISBN 10 Number: 0684835541
• ISBN 13 Number: 978-0684835549
• Book Dimensions: 9.3 x 6.1 x 1.3 inches
• Weighs: 1.3 pounds

Product Review
The world is in the midst of an industrial and economic revolution more far-reaching than the one that transformed Europe and North America in the 19th century. According to William Greider, this revolution is a juggernaut that neither multinational corporations nor governments can control. Greider looks at the impact of the global revolution in terms of human struggle. While huge amounts of wealth are being generated, there is a downside, too: social dislocation; economic uncertainty; and the oldest, rawest form of exploitation--that of the weak by the strong. Greider proposes a number of steps governments of the world can take to avert disaster: moderate the flow of goods by imposing tariffs to rectify trade deficits, change labor practices in developing countries, and allow labor to share in the ownership of capital. --This text refers to an out of print or unavailable edition of this title.

From Publishers Weekly
Greider (Secrets of the Temple) here surveys the dynamics and contradictions of the corporate-driven global economy, which, he says, is heading toward "an economic or political cataclysm." His selective tour?he avoids Africa and much of South America, and focuses on U.S. corporations?nonetheless vividly introduces this changing economic world and suggests populist reforms well worth discussion. In developing Malaysia, Greider sees multinational corporations seeking not just cheaper workers but another power base. He observes that technological improvement has actually led to overcapacity in the global auto industry. He notes that the industrialization of China?substituting low-paid workers for higher-paid Westerners?will erode the world's purchasing power. He perceives the U.S. as ominously failing to decrease its trade deficit or to defend domestic producers and jobs. Then Greider looks at the metastasizing world of finance capital and proposes a transaction tax to slow down the "furious pace" of computer-driven traders impelled to seek higher returns. He suggests debt forgiveness for poor nations. To foster a more responsible capitalism, he proposes taxes on capital, not payrolls, reciprocity with mercantilist countries such as Japan and labor rights for workers in poor countries. Greider devotes a final section to emerging examples (e.g., employee ownership) of his proposed "global humanism." But he skirts the question of how religious and ethnic nationalism might affect global economic convergence.
Copyright 1996 Reed Business Information, Inc. --This text refers to an out of print or unavailable edition of this title.

Reader Reviews
This review is from: One World Ready or Not: The Manic Logic of Global Capitalism (Hardcover) No one writes with more verve, insight, and human compassion than long-time Rolling Stone contributor and Editor William Greider. His perspective always centers on the human cost of social phenomena, and is always heartfelt, compassionate, and extremely well focused. In this book he centers in brilliantly on the ways in which the so-called "Third Wave" of global trading and commerce is poised to transform the social, economic, and political landscape of the countries in which it is being introduced. His writing skills are superb, and the ordinarily dry and stuffy stuff of economics come alive in this highly readable and quite entertaining work. In fact, reviewer Brink Lindsey of the Kirkus Review called this book "the best-written book on the global economy" he had ever read. Ditto, Mr. Lindsey, ditto. I also agree with his observations calling the prose energized, clear, and sharp. However, I disagree with the negative criticism many other critics and reviewers have voiced concerning Mr. Greider's conclusions herein, which seem to center on the fact that he is not an apologist, fellow-traveler, or celebrant of the new global forces. Indeed, Mr. Greider's perspective is more sanguine, expressing concern of the many ways in which this fundamentally anti-democratic new commerce tends toward becoming a revolutionary & extraordinarily well-focused force literally power-hosing the new wealth generated by this commerce in the direction of the rich and well placed at the expense of almost everyone else. Who can argue against the observation that we increasingly face an amazing conundrum when in face of the greatest sustained period of prosperity in the last forty years many people at the lower reaches of the socioeconomic spectrum are slipping farther and farther behind, that this prosperity is not acting to level the playing field, but, on the contrary is intensifying the distances and qualitative life styles of the affluent and the poor, or with the observation that consistently the indifferent, selfish and affluent conservative Republicans, ignoring the needs and problems of a majority of others, still demand a substantial tax refund for themselves at the expense of the rest of the populace? The truth speaks for itself in the sense that the governments of the world seem either uninterested or unable to regulate, limit, or meaningfully constrain the powers, policies, or dispositions of the multi-national corporations who now produce, distribute, and control the majority of the world's commercial efforts. These corporations seem to be primarily motivated by motives much less socially responsive or oriented than they are profit-centered. Unless one actually believes in the silly, self-serving and patently ridiculous nonsense about Adam Smith's `invisible hand' of the market place, believing that somehow an unregulated and unconstrained world economy will automatically and magically manage and self-corrrect itself through the countervailing forces of the marketplace (can I sell you some of my old lottery tickets?), one must take heed of the plethora of examples one can readily observe concerning the changes in our social, economic, and political environment that stem from the effects of this new `global economy'. In summary, Greider argues that the world is headed for a difficult & chaotic set of social & economic circumstances; disastrous levels of industrial plant overcapacity, unmanageable surplus goods, unemployable labor pools, frantic & often irrational stock speculation, unserviceable debts, and chronic massive unemployment. While all may seem to be wonderful to a casual observer watching along the surface, we are in fact skating bravely over the very thin ice of a totally new and revolutionary set of socioeconomic circumstances, and we should hardly be racing across this fragile and frozen expanse so quickly or so recklessly, trusting so blindly in so many anonymous corporate forces that historically have never bothered to concern themselves with the social, economic or political consequences following in the wake of their profit-oriented activities. Given the increasingly random & uncontrollable flow & use of capital, coming to terms with this emerging bulwark of the `new world order' will be increasingly problematic. His conclusions are similar to those of neo-Luddite authors like Sales Kirkpatrick and Theodore Roszak, who have come to similar conclusions about the increasingly serious situation emerging concerning a technical, commercial, and economic world spiraling out of control. In my opinion, Greider's book is a heaven-sent call to arms; the first issued by a mainstream social critic whose argument we would all do well to consider.