Alan Beattie has long been intrigued by the fates of different countries, economies, and societies-why some fail and some succeed. Here, he weaves together elements of economics, history, politics, and human stories, revealing that societies, economies, and countries usually make concrete choices that determine their destinies. He opens up larger questions about these choices, and why countries make them or are driven to make them, and what those decisions can mean for the future of our global economy. Economic history involves forcing together disciplines that fall naturally in different directions. But Beattie has written a lively and lucid book that successfully marries the two subjects and illustrates their interdependence. In doing so, he addresses such illuminating queries as: Why are oil and diamonds more trouble than they are worth? Why did Argentina fail and the United States succeed? Why doesn't Africa grow cocaine? "False Economy" explains how human beings have shaped their own fates, however unknowingly, and the conditions of the countries they call home. And though it is history, it does not end with the present day. Beattie shows how decisions that are being made now-which have either absorbed or failed to absorb the lessons from economic history-will determine what happens in the future. What does economic history teach us about the present economic unrest? Who will succeed and why? And who will fail? These are questions that we cannot afford to leave unasked . . . or unanswered.

    Like other immigrant groups before them, they showed up with little money but with an intense work ethic and an unshakeable belief in the promise of the United States. Many of them lived in a world outside the law, working in a shadow economy overseen by the ruthless gangs that ruled the narrow streets of New York’s Chinatown.The figure who came to dominate this Chinese underworld was a middle-aged grandmother known as Sister Ping. Her path to the American dream began with an unusual business run out of a tiny noodle store on Hester Street. From her perch above the shop, Sister Ping ran a full-service underground bank for illegal Chinese immigrants. But her real business-a business that earned an estimated $40 million-was smuggling people. As a “snakehead,” she built a complex—and often vicious—global conglomerate, relying heavily on familial ties, and employing one of Chinatown's most violent gangs to protect her power and profits. Like an underworld CEO, Sister Ping created an intricate smuggling network that stretched from Fujian Province to Hong Kong to Burma to Thailand to Kenya to Guatemala to Mexico. Her ingenuity and drive were awe-inspiring both to the Chinatown community—where she was revered as a homegrown Don Corleone—and to the law enforcement officials who could never quite catch her. Indeed, Sister Ping’s empire only came to light in 1993 when the Golden Venture, a ship loaded with 300 undocumented immigrants, ran aground off a Queens beach. It took New York’s fabled “Jade Squad” and the FBI nearly ten years to untangle the criminal network and home in on its unusual mastermind.THE SNAKEHEAD is a panoramic tale of international intrigue and a dramatic portrait of the underground economy in which America’s twelve million illegal immigrants live. Based on hundreds of interviews, Patrick Radden Keefe’s sweeping narrative tells the story not only of Sister Ping, but of the gangland gunslingers who worked for her, the immigration and law enforcement officials who pursued her, and the generation of penniless immigrants who risked death and braved a 17,000 mile odyssey so that they could realize their own version of the American dream. The Snakehead offers an intimate tour of life on the mean streets of Chinatown, a vivid blueprint of organized crime in an age of globalization and a masterful exploration of the ways in which illegal immigration affects us all.www.doubleday.com

    J. O'Rourke is back with Eat the Rich, in which he takes on the global economy. P. J. O'Rourke leads us on a hysterical whirlwind world tour from the "good capitalism" of Wall Street to the "bad socialism" of Cuba in search of the answer to an age-old question: "Why do some places prosper and thrive, while others just suck?" With stops in Albania, Sweden, Hong Kong, Moscow, and Tanzania, O'Rourke takes a look at the complexities of economics with a big dose of the incomparable wit that has made him one of today's most refreshing commentators.Now updated with new material from the O'Rourke, fifteen years after the original publication of his riotous first take."O'Rourke has done the unthinkable: he's made money funny."-- Forbes FYI "[O'Rourke is] witty, smart and--though he hides it under a tough coat of cynicism--a fine reporter . . . Delightful."-- New York Times Book Review

    In “Disparity,” for example, Yu Hua illustrates the mind-boggling economic gaps that separate citizens of the country. In “Copycat,” he depicts the escalating trend of piracy and imitation as a creative new form of revolutionary action. And in “Bamboozle,” he describes the increasingly brazen practices of trickery, fraud, and chicanery that are, he suggests, becoming a way of life at every level of society. Characterized by Yu Hua’s trademark wit, insight, and courage, China in Ten Words is a refreshingly candid vision of the “Chinese miracle” and all its consequences, from the singularly invaluable perspective of a writer living in China today.

    Renowned economist Nouriel Roubini electrified his profession and the larger financial community by predicting the current crisis well in advance of anyone else. Unlike most in his profession who treat economic disasters as freakish once-in-a-lifetime events without clear cause, Roubini, after decades of careful research around the world, realized that they were both probable and predictable. Armed with an unconventional blend of historical analysis and global economics, Roubini has forced politicians, policy makers, investors, and market watchers to face a long-neglected truth: financial systems are inherently fragile and prone to collapse. Drawing on the parallels from many countries and centuries, Nouriel Roubini and Stephen Mihm, a professor of economic history and a "New York Times Magazine" writer, show that financial cataclysms are as old and as ubiquitous as capitalism itself. The last two decades alone have witnessed comparable crises in countries as diverse as Mexico, Thailand, Brazil, Pakistan, and Argentina. All of these crises-not to mention the more sweeping cataclysms such as the Great Depression-have much in common with the current downturn. Bringing lessons of earlier episodes to bear on our present predicament, Roubini and Mihm show how we can recognize and grapple with the inherent instability of the global financial system, understand its pressure points, learn from previous episodes of "irrational exuberance," pinpoint the course of global contagion, and plan for our immediate future. Perhaps most important, the authors-considering theories, statistics, and mathematical models with the skepticism that recent history warrants explain how the world's economy can get out of the mess we're in, and stay out. In Roubini's shadow, economists and investors are increasingly realizing that they can no longer afford to consider crises the black swans of financial history. A vital and timeless book, "Crisis Economics" proves calamities to be not only predictable but also preventable and, with the right medicine, curable."

    We all know that the very rich have gotten a lot richer these past few decades while most Americans haven’t. In fact, the exorbitantly paid have continued to thrive during the current economic crisis, even as the rest of Americans have continued to fall behind. Why do the “haveit- alls” have so much more? And how have they managed to restructure the economy to reap the lion’s share of the gains and shift the costs of their new economic playground downward, tearing new holes in the safety net and saddling all of us with increased debt and risk? Lots of so-called experts claim to have solved this great mystery, but no one has really gotten to the bottom of it—until now. In their lively and provocative Winner-Take-All Politics, renowned political scientists Jacob S. Hacker and Paul Pierson demonstrate convincingly that the usual suspects—foreign trade and financial globalization, technological changes in the workplace, increased education at the top—are largely innocent of the charges against them. Instead, they indict an unlikely suspect and take us on an entertaining tour of the mountain of evidence against the culprit. The guilty party is American politics. Runaway inequality and the present economic crisis reflect what government has done to aid the rich and what it has not done to safeguard the interests of the middle class. The winner-take-all economy is primarily a result of winner-take-all politics. In an innovative historical departure, Hacker and Pierson trace the rise of the winner-take-all economy back to the late 1970s when, under a Democratic president and a Democratic Congress, a major transformation of American politics occurred. With big business and conservative ideologues organizing themselves to undo the regulations and progressive tax policies that had helped ensure a fair distribution of economic rewards, deregulation got under way, taxes were cut for the wealthiest, and business decisively defeated labor in Washington. And this transformation continued under Reagan and the Bushes as well as under Clinton, with both parties catering to the interests of those at the very top. Hacker and Pierson’s gripping narration of the epic battles waged during President Obama’s first two years in office reveals an unpleasant but catalyzing truth: winner-take-all politics, while under challenge, is still very much with us. Winner-Take-All Politics—part revelatory history, part political analysis, part intellectual journey— shows how a political system that traditionally has been responsive to the interests of the middle class has been hijacked by the superrich. In doing so, it not only changes how we think about American politics, but also points the way to rebuilding a democracy that serves the interests of the many rather than just those of the wealthy few.

    With a clarity and insight unrivaled by any author before it or since, Frances FitzGerald illustrates how America utterly and tragically misinterpreted the realities of Vietnam.

    That's a lengthy list of charges, but here Eric Schlosser makes them stick with an artful mix of first-rate reportage, wry wit, and careful reasoning.Schlosser's myth-shattering survey stretches from California's subdivisions where the business was born to the industrial corridor along the New Jersey Turnpike where many fast food's flavors are concocted. Along the way, he unearths a trove of fascinating, unsettling truths -- from the unholy alliance between fast food and Hollywood to the seismic changes the industry has wrought in food production, popular culture, and even real estate. (back cover)

    Three of its nations border China and five are directly impacted by its claims over the South China Sea. All dwell in the lengthening shadow of its influence: economic, political, military, and cultural. As China seeks to restore its former status as Asia’s preeminent power, the countries of Southeast Asia face an increasingly stark choice: flourish within Beijing’s orbit or languish outside of it. Meanwhile, as rival powers including the United States take concerted action to curb Chinese ambitions, the region has emerged as an arena of heated strategic competition.   Drawing on more than a decade of on-the-ground experience, Sebastian Strangio explores the impacts of China’s rise on Southeast Asia, the varied ways in which the countries of the region are responding, and what it might mean for the future balance of power in the Indo-Pacific.

    When it first appeared the New English Weekly predicted that 'for the next five to ten years it will cetainly remain a work with which no one who professes any degree of information on sociology or economics can afford to be unacquainted.' Fifty years on, this prediction seems a little understated.Why has the work endured so well? Schumpeter's contention that the seeds of capitalism's decline were internal, and his equal and opposite hostility to centralist socialism have perplexed, engaged and infuriated readers since the book's publication. By refusing to become an advocate for either position Schumpeter was able both to make his own great and original contribution and to clear the way for a more balanced consideration of the most important social movements of his and our time.

    Twice every three days another citizen is shot, stabbed, or bludgeoned to death. At the center of this hurricane of crime is the city's homicide unit, a small brotherhood of hard men who fight for whatever justice is possible in a deadly world.David Simon was the first reporter ever to gain unlimited access to a homicide unit, and this electrifying book tells the true story of a year on the violent streets of an American city. The narrative follows Donald Worden, a veteran investigator; Harry Edgerton, a black detective in a mostly white unit; and Tom Pellegrini, an earnest rookie who takes on the year's most difficult case, the brutal rape and murder of an eleven-year-old girl.Originally published fifteen years ago, Homicide became the basis for the acclaimed television show of the same name. This new edition--which includes a new introduction, an afterword, and photographs--revives this classic, riveting tale about the men who work on the dark side of the American experience.

    Just over fifteen years later, he had transformed himself into the charismatic CEO of a company worth $47 billion--at least on paper. With his long hair and feel-good mantras, the 6-foot-five Neumann, who grew up in part on a kibbutz, looked the part of a messianic Silicon Valley entrepreneur. The vision he offered was mesmerizing: a radical reimagining of work space for a new generation, with its fluid jobs and lax office culture. He called it WeWork. Though the company was merely subleasing amenity-filled office space to freelancers and small startups, Neumann marketed it like a revolutionary product--and investors swooned.As billions of funding dollars poured in, Neumann's ambitions grew limitless. WeWork wasn't just an office space provider, he boasted. It would build schools, create WeWork cities, even colonize Mars. Could he, Neumann wondered from the ice bath he'd installed in his office, become the first trillionaire or a world leader? In pursuit of its founder's grandiose vision, the company spent money faster than it could bring it in. From his private jet, sometimes clouded with marijuana smoke, the CEO scoured the globe for more capital. In late 2019, just weeks before WeWork's highly publicized IPO, a Hail Mary effort to raise cash, everything fell apart. Neumann was ousted from his company--but still was poised to walk away a billionaire.Calling to mind the recent demise of Theranos and the hubris of the dotcom era bust, WeWork's extraordinary rise and staggering implosion were fueled by disparate characters in a financial system blind to its risks, from a Japanese billionaire with designs on becoming the Warren Buffet of tech, to leaders at JPMorgan and Goldman Sachs who seemed intoxicated by a Silicon Valley culture where sensible business models lost out to youthful CEOs who promised disruption. Why did some of the biggest names in banking and venture capital buy the hype? And what does the future hold for Silicon Valley unicorns? Wall Street Journal reporters Eliot Brown and Maureen Farrell explore these questions in this definitive account of WeWork's unraveling.

    A true believer--and one of only two Westerners permitted to enroll at Beijing University--her education included wielding a pneumatic drill at the Number One Machine Tool Factory. In the name of the Revolution, she renounced rock & roll, hauled pig manure in the paddy fields, and turned in a fellow student who sought her help in getting to the United States. She also met and married the only American draft dodger from the Vietnam War to seek asylum in China.Red China Blues is Wong's startling--and ironic--memoir of her rocky six-year romance with Maoism (which crumbled as she became aware of the harsh realities of Chinese communism); her dramatic firsthand account of the devastating Tiananmen Square uprising; and her engaging portrait of the individuals and events she covered as a correspondent in China during the tumultuous era of capitalist reform under Deng Xiaoping. In a frank, captivating, deeply personal narrative she relates the horrors that led to her disillusionment with the "worker's paradise." And through the stories of the people--an unhappy young woman who was sold into marriage, China's most famous dissident, a doctor who lengthens penises--Wong reveals long-hidden dimensions of the world's most populous nation.In setting out to show readers in the Western world what life is like in China, and why we should care, she reacquaints herself with the old friends--and enemies of her radical past, and comes to terms with the legacy of her ancestral homeland.

    Memory is dangerous in a country built to function on national amnesia. A single act of public remembrance might expose the frailty of the state's carefully constructed edifice of accepted history, one kept aloft by strict censorship, blatant falsehood, and willful forgetting. Though the consequences of Tiananmen Square are visible everywhere throughout China, what happened there has been consigned to silence. In The People's Republic of Amnesia, NPR's China correspondent Louisa Lim offers an insider's account of this seminal tragedy, revealing the enormous impact it had on China and the reverberations still felt today. Official hypocrisy and the government's obsession with maintaining stability and silence have deepened June 4th's impact on the nation's psyche. Lim interweaves portraits of eight individuals whose lives have been shaped by June 4--including the two women who started Tiananmen Mothers, one of the first and most prominent grassroots organizations outside the Chinese government's control; a student survivor involved in the protests; a soldier who took part in the suppression; and a high-ranking government administrator who played a role in ordering the tanks into the square. In the process she offers a textured, intimate, and haunting look at the national tragedy and an unhealed wound.

    He exposes the people and organizations that manipulate our perceptions and profit from our anxieties: politicians who win elections by heightening concerns about crime and drug use even as both are declining; advocacy groups that raise money by exaggerating the prevalence of particular diseases; TV news-magazines that monger a new scare every week to garner ratings.