financial system, which had grown far too complex for its own good-and too unregulated for the public good-experienced a perfect storm beginning in 2007. When America's financial structure crumbled, the damage proved to be not only deep, but wide. It took the crisis for the world to discover, to its horror, just how truly interconnected-and fragile-the global financial system is. The second part of the story explains how American and international government intervention kept us from a total meltdown. Many of the U.S. government's actions, particularly the Fed's, were previously unimaginable. And to an amazing-and certainly misunderstood-extent, they worked. The worst did not happen. Blinder offers clear-eyed answers to the questions still before us, even if some of the choices ahead are as divisive as they are unavoidable. After the Music Stopped is an essential history that we cannot afford to forget, because one thing history teaches is that it will happen here again.

    Why do we mistrust people more in the UK than in Japan? Why do Americans have higher rates of teenage pregnancy than the French? What makes the Swedish thinner than the Greeks? The answer: inequality. This groundbreaking book, based on years of research, provides hard evidence to show how almost everything—-from life expectancy to depression levels, violence to illiteracy-—is affected not by how wealthy a society is, but how equal it is. Urgent, provocative and genuinely uplifting, The Spirit Level has been heralded as providing a new way of thinking about ourselves and our communities, and could change the way you see the world.

    We all sense that, but Mervyn King knows it firsthand; his ten years at the helm of the Bank of England, including at the height of the financial crisis, revealed profound truths about the mechanisms of our capitalist society. In The End of Alchemy he offers us an essential work about the history and future of money and banking, the keys to modern finance.The Industrial Revolution built the foundation of our modern capitalist age. Yet the flowering of technological innovations during that dynamic period relied on the widespread adoption of two much older ideas: the creation of paper money and the invention of banks that issued credit. We take these systems for granted today, yet at their core both ideas were revolutionary and almost magical. Common paper became as precious as gold, and risky long-term loans were transformed into safe short-term bank deposits. As King argues, this is financial alchemy—the creation of extraordinary financial powers that defy reality and common sense. Faith in these powers has led to huge benefits; the liquidity they create has fueled economic growth for two centuries now. However, they have also produced an unending string of economic disasters, from hyperinflations to banking collapses to the recent global recession and current stagnation.How do we reconcile the potent strengths of these ideas with their inherent weaknesses? King draws on his unique experience to present fresh interpretations of these economic forces and to point the way forward for the global economy. His bold solutions cut through current overstuffed and needlessly complex legislation to provide a clear path to durable prosperity and the end of overreliance on the alchemy of our financial ancestors.

    With a focus on US policy, she probes how people, especially Mexican and Central Americans, have been assigned this status—and to what ends. Blending history with human drama, Chomsky explores what it means to be undocumented in a legal, social, economic, and historical context. The result is a powerful testament of the complex, contradictory, and ever-shifting nature of status in America.

    Rothbard begins with a quick overview of its historical roots, and then goes on to define libertarianism as resting "upon one single axiom: that no man or group of men shall aggress upon the person or property of anyone else." He writes a withering critique of the chief violator of liberty: the State. Rothbard then provides penetrating libertarian solutions for many of today's most pressing problems, including poverty, war, threats to civil liberties, the education crisis, and more.

    John's tale is the story of how a brave man came to make a lonely decision with huge ramifications.

    Donald Trump’s surprise electoral victory shattered the fragile understanding between Washington and Beijing, putting the most important relationship of the twenty-first century in the hands of a novice who had bitterly attacked China from the campaign trail. Almost as soon as he entered office, Trump brought to a boil the long-simmering rivalry between the two countries, while also striking up a “friendship” with Chinese president Xi Jinping — whose manipulations of his American counterpart would undermine the White House’s already disjointed response to the historic challenge of a rising China. All the while, Trump’s own officials fought to steer U.S. policy from within. By the time the COVID-19 pandemic erupted in Wuhan, Trump’s love-hate relationship with Xi had sparked a trade war, while Xi’s aggression had pushed the world to the brink of a new Cold War. But their quarrel had also forced a long-overdue reckoning within the United States over China’s audacious foreign-influence operations, horrific human rights abuses, and creeping digital despotism. Ironically, this awakening was one of the biggest foreign-policy victories of Trump’s fractious term in office. ​Filled with shocking revelations drawn from Josh Rogin’s unparalleled access to top U.S. officials from the White House and deep within the country’s foreign policy machine, Chaos Under Heaven reveals an administration at war with itself during perhaps our most urgent hour.

    Farrar, Straus and Giroux, 2009.

    But his penetrating work of political philosophy - now fully revised and with a new introduction for this edition - opened up questions about the nature of statecraft and society that influenced governments across the world.

    So how did we go from the promise of those heady days to the autocratic police state of Putin’s new Russia? The Invention of Russia is a breathtakingly ambitious book that reaches back to the darkest days of the cold war to tell the story of the fight for the soul of a nation. With the deep insight only possible of a native son, Ostrovsky introduces us to the propagandists, oligarchs, and fixers who have set Russia’s course since the collapse of the Soviet Union, inventing a new and more ominous identity for a country where ideas are all too often wielded like a cudgel.  The Soviet Union yoked together dreamers and strongmen—those who believed in an egalitarian ideal and those who pushed for an even more powerful state. The new Russia is a cynical operation, where perpetual fear and war are fueled by a web of lies, as television presenters peddle the invasion of Ukraine and goad Putin to go nuclear. Twenty-five years after the Soviet flag came down over the Kremlin, Russia and America are again heading toward a confrontation—but this course was far from inevitable. With this riveting account of how we got here—of the many mistakes and false promises—Ostrovsky emerges as Russia’s most gifted chronicler.

    But America’s imperial identity was actually shaped much closer to home. In a brilliant excavation of long-obscured history, Empire’s Workshop shows how Latin America has functioned as a proving ground for American strategies and tactics overseas. Historian Greg Grandin follows the United States’ imperial operations from Jefferson’s aspirations for an “empire of liberty” in Cuba and Spanish Florida to Reagan’s support for brutally oppressive but U.S.-friendly regimes in Central America. He traces the origins of Bush’s current policies back to Latin America, where many of the administration’s leading lights first embraced the deployment of military power to advance free market economics and enlisted the evangelical movement in support of their ventures.With much of Latin America now in open rebellion against U.S. domination, Grandin asks: If Washington failed to bring prosperity and democracy to Latin America—its own backyard “workshop”—what are the chances it will do so for the world?

    Most Iraqis were barred from entering the Emerald City for fear they would blow it up. Drawing on hundreds of interviews and internal documents, Chandrasekaran tells the story of the people and ideas that inhabited the Green Zone during the occupation, from the imperial viceroy L. Paul Bremer III to the fleet of twentysomethings hired to implement the idea that Americans could build a Jeffersonian democracy in an embattled Middle Eastern country. In the vacuum of postwar planning, Bremer ignores what Iraqis tell him they want or need and instead pursues irrelevant neoconservative solutions—a flat tax, a sell-off of Iraqi government assets, and an end to food rationing. His underlings spend their days drawing up pie-in-the-sky policies, among them a new traffic code and a law protecting microchip designs, instead of rebuilding looted buildings and restoring electricity production. His almost comic initiatives anger the locals and help fuel the insurgency. Chandrasekaran details Bernard Kerik’s ludicrous attempt to train the Iraqi police and brings to light lesser known but typical travesties: the case of the twenty-four-year-old who had never worked in finance put in charge of reestablishing Baghdad’s stock exchange; a contractor with no previous experience paid millions to guard a closed airport; a State Department employee forced to bribe Americans to enlist their help in preventing Iraqi weapons scientists from defecting to Iran; Americans willing to serve in Iraq screened by White House officials for their views on Roe v. Wade; people with prior expertise in the Middle East excluded in favor of lesser-qualified Republican Party loyalists. Finally, he describes Bremer’s ignominious departure in 2004, fleeing secretly in a helicopter two days ahead of schedule. This is a startling portrait of an Oz-like place where a vital aspect of our government’s folly in Iraq played out. It is a book certain to be talked about for years to come.

    Douglas Murray takes a step back and explores the deeper issues behind the continent's possible demise, from an atmosphere of mass terror attacks and a global refugee crisis to the steady erosion of our freedoms. He addresses the disappointing failure of multiculturalism, Angela Merkel’s U-turn on migration, and the Western fixation on guilt. Murray travels to Berlin, Paris, Scandinavia, and Greece to uncover the malaise at the very heart of the European culture, and to hear the stories of those who have arrived in Europe from far away.Declining birth rates, mass immigration, and cultivated self-distrust and self-hatred have come together to make Europeans unable to argue for themselves and incapable of resisting their own comprehensive alteration as a society and an eventual end. This sharp and incisive book ends up with two visions for a new Europe--one hopeful, one pessimistic--which paint a picture of Europe in crisis and offer a choice as to what, if anything, we can do next. But perhaps Spengler was right: "civilizations like humans are born, briefly flourish, decay, and die."

    Cynthia Enloe pulls back the curtain on the familiar scenes—governments promoting tourism, companies moving their factories overseas, soldiers serving on foreign soil—and shows that the real landscape is not exclusively male. She describes how many women's seemingly personal strategies—in their marriages, in their housework, in their coping with ideals of beauty—are, in reality, the stuff of global politics. In exposing policymakers' reliance on false notions of "femininity" and "masculinity," Enloe dismantles an apparently overwhelming world system, revealing it to be much more fragile and open to change than we think.

    authoritarianism – the ideological divide that defined the twentieth century. But when the cold war ended, “the end of history” was proclaimed. Soon the fire of freedom would burn worldwide, the experts said. And where markets were freed, human rights would inevitably follow. Or not. In the last twenty years, nations including India, Russia, China and the United Arab Emirates have disproved the idea that capitalism and democracy are inextricably linked. Emerging middle classes have proven themselves all too willing to sacrifice certain democratic rights – including free speech, an open media, and free elections – in exchange for prosperity. But they are not alone. We are all doing it. Alarmingly, Western democracy has adopted some of the attributes of that authoritarianism. Combining boots on the ground reporting with incisive analysis, award-winning journalist John Kampfner describes this alarming trend – one which has only been exacerbated by the global economic meltdown – and what citizens must do to counter it.