The War for Wealth: The True Story of Globalization, or Why the Flat World Is Broken

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9780071641593: The War for Wealth: The True Story of Globalization, or Why the Flat World Is Broken
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Globalization. The Flat World. Outsourcing. Free Trade.

Each of these phrases is a flashpoint in one of the most heated debates of our lifetime: Is globalization a force for good, or is it a policy that is sure to destroy the economic foundation of the United States and Europe while exporting our wealth and prosperity overseas?

In The War for Wealth, leading intellectual and agenda-setting journalist Gabor Steingart examines how globalization has affected the state of the world's economy and returns with a bleak outlook for the West: our prosperity and wealth are disappearing faster than ever, and with it our political power and our long-held democratic ideals. But all is not lost; we can still stem the flow of capital and jobs and once again restore the West to its respected position of global leader in economics and politics.

In this eye-opening and dramatic account, Steingart lays out the three potential scenarios the world faces - a “shock scenario” in which there is a global economic crash, an “Asia-over-all scenario” where the rising economies of Asia completely overtake the West, or the “American renaissance scenario” in which U.S. politicians unite with each other and with Europe, forming a pragmatic third way to bring the West back from the brink of destruction.

Compelling, controversial, and thought-provoking, The War for Wealth alerts readers to the crucial state of the Western economy--and shows how leaders can return the West to its position of power in the global arena.

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From the Back Cover:

Praise for The War for Wealth

The War for Wealth is a lucid and compelling reality check that alerts America to the need for creative leadership on issues that could prove as dangerous to global stability as terrorism in the not-too-distant future, including the unintended consequences of globalization.”—Dr. Henry A. Kissinger, former United States Secretary of State

“Globalization may be a watchword of our era, but it is also a cliché that cries out for redefinition and fresh analysis. Steingart provides precisely that in this timely, provocative, and challenging contribution to the debate over the world of today—and tomorrow.”—Strobe Talbott, president of the Brookings Institution; author of The Great Experiment

“Steingart has a subtle and rare comprehension of how the old categories for approaching the global economy are entirely inadequate for the challenge ahead.”—Jonathan Alter, Newsweek

“This is the essential book rethinking globalization. Steingart challenges the naive, flat-earth mentality of the U.S. economic establishment, and calls upon the United States to revise its ideology and diplomacy.”—Robert Kuttner, coeditor, The American Prospect; cofounder, the Economic Policy Institute; author, The Squandering of America

“Steingart has done us a great service. He is not satisfied with the doomsday scenarios which are so popular these days among the opponents of globalization. He describes, he analyzes, and he suggests solutions.”—John Kornblum, former United States Ambassador to Germany

About the Author:

Gabor Steingart is an internationally bestselling author and the senior correspondent for Der Spiegel in Washington D.C., where he lives with his family. He has been awarded The Economic Writer of the Year award in Germany, and in 2007 he won the Helmut Schmidt Award for Advanced Journalism. His op-ed pieces are published in the Wall Street Journal and European Affairs. Steingart's weekly column “West Wing - The Battle for the White House” appears on Speigel Online ( and on

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