Trade wars and class wars: part one – the global savings glut?

Michael Roberts Blog

This review of a new book is in two parts as there is much to say. Here is the first part.

Trade wars are class wars‘ is the title of a new book by Matthew Klein and Michael Pettis. Matthew C. Klein is the Economics Commentator at Barron’s. He has previously written for the Financial Times, Bloomberg View, and the Economist.  Michael Pettis is professor of finance at Peking University’s Guanghua School of Management and a senior fellow at the Carnegie Endowment for International Peace.

The book has a provocative title and but it’s apposite, given the growing global rivalry between the US and the China with the implementation of trade tariff and technology war, as the US tried to curb and reverse the rising share of trade and hi-tech production that China has been achieving and using to widen its influence globally; at the expense of an…

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