The race to the bottom .... WAKE UP PEOPLE

61 of 64 people found the following review helpful: ( product link shortened)
5.0 out of 5 stars Frightening, October 9, 2002 By John W. Runyan III "Too much time on my hands" (Memphis, Tennessee USA) - See all my reviews (REAL NAME)
This book details the depressing details of globalization, and debunks the promises of free trade, like Mexico being a huge market(it isn't), most workers that lose their factory jobs would get new and improved high tech jobs(they haven't), and we'll do the high tech stuff and the Third World will do the low tech(not true). We are living in an age where business can relocate almost anywhere. Our corporations are dumping our highest paying jobs overseas and/or importing Third World workers to do them (like Indian programmers). The result is a slowly sinking standard of living. Between mass immigration and globalization it appears we may be at the beginning of a new age of poverty. For "fun" scroll down to the first review of the book, down to the guy that gave it one star (apparently after reading only part of chapter one). Print it out and keep it with this book. After you read the book, re-read his review and then see if you can answer the question: What planet are the globalists living on? This just in: According to NPR, one of the last textile factories in the US closed on October 22, 2002. It was a fancy high-end shirt factory in Maine. It had been in business for decades. The women there worked so fast that their hands were just a blur. Not fast enough apparently, as they couldn't compete with the sweat shops of the Third World. (NPR said "foreign competition") Some of the women had worked there for twenty years and cried when they left. I seem to remember the globablists saying that foreigners only took jobs Americans didn't want. Perhaps those women were just crying tears of joy. Comment Comment | Permalink | Was this review helpful to you? Yes No Yes No (Report this) (Report this)
24 of 24 people found the following review helpful: 4.0 out of 5 stars globalization is bad for your health, February 27, 2002 By A Customer
This review is from: The Race to the Bottom: Why a Worldwide Worker Surplus and Uncontrolled Free Trade are Sinking American Living Standards (Hardcover) Tonelson describes in detail why the current trade system, aka globalization, will cause the purchasing power of the US population to go down the drain. (Yes, the book is written with a US bias, but it applies equally to Europeans). It describes a type of trade where factories (even sophisticated ones) are shipped off to China, Mexico, Malaysia... only to see US/European labor displaced by a torrent of cheap imports. Further aggravating the downward spiral in the standard of living of Americans/Europeans are the massive immigration flows - more cheap labor to compete for the dwindling manufacturing jobs. There is a chapter on the asymmetric type of trade that is worthwhile reading; it describes how countries like Korea do everything to build sophisticated industries with the intent of exporting primarily to the US, but at the same time do everything to impede US imports (except the capital goods necessary to build the original factories). The implications of the lopsided trade are catastrophic for all involved - US, Europe, Japan and the Asian tigers. The consequences of globalization are massive and detrimental to US and Europe, and this requires an informed debate on the issues. This book is an important document that analyzes some of the reasons that globalization is detrimental to your health. The book nicely skirts "econospeak" - the type of analysis that causes brain damage. It makes its points backed up by data - it refers to the real world!! On the downside: the book suffers from a wee bit of repetition - I guess the editor got lazy. The few graphs in the book discuss identical points with slightly changed data - this is on the less than useful side. All in all, I read the book, and was happy I did so. Comment Comment | Permalink | Was this review helpful to you? Yes No Yes No (Report this) (Report this)
26 of 28 people found the following review helpful: 5.0 out of 5 stars Facts First And Feelings Second, September 23, 2002 By A Customer
This review is from: The Race to the Bottom: Why a Worldwide Worker Surplus and Uncontrolled Free Trade are Sinking American Living Standards (Hardcover) I found this work to be significant in that the title and the content described clearly the global trade dynamic which we find our selves in today. I'd heard George Gilder a few years back tell a gathering of telecomm executives that they were caught up in this very dynamic; many of them have already lost that race and are no longer with us. Mr. Tonelson's research is clearly evident in this book. He has done the heavy lifting(analysis)needed to make considered and substantiated statements about something a complex as the impact of global trade on our quality of life in this country.
I recently read "The Lexus and the Olive Tree" by Thomas Friedman and thought it a good counterpoint to "The Race To The Bottom."
"The Race To The Bottom" is richer in the numbers and is focused on us, while "The Lexus and the Olive Tree" is the more subjective and places the subject in a global and human context.
I highly recommend both books, however if you want solid facts before solid impressions, I'd say read "Race To The Bottom" first to get a good sense of "what." Then read "The Lexus And The Olive Tree" to figure out the "why" of it all.
My thanks to both authors.
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