Understanding the rise of state capitalism and its threat to global free markets
"The End of the Free Market" details the growing phenomenon of state capitalism, a system in which governments drive local economies through ownership of market-dominant companies and large pools of excess capital, using them for political gain. This trend threatens America's competitive edge and the conduct of free markets everywhere.
An expert on the intersection of economics and politics, Ian Bremmer has followed the rise of state-owned firms in China, Russia, the Arab states of the Persian Gulf, Iran, Venezuela, and elsewhere. He demonstrates the growing challenge that state capitalism will pose for the entire global economy.
Among the questions addressed: Are we on the brink of a new kind of Cold War, one that pits competing economic systems in a battle for dominance? Can free market countries compete with state capitalist powerhouses over relations with countries that have elements of both systems-like India, Brazil, and Mexico? Does state capitalism have staying power?
This guide to the next big global economic trend includes useful insights for investors, business leaders, policymakers, and anyone who wants to understand important emerging changes in international politics and the global economy.
Ian Bremmer is president of Eurasia Group, the world's largest political risk consultancy. He has written for the "Financial Times, " the "Harvard Business Review, The Wall Street Journal, " the "Los Angeles Times, " and "The New York Times, " and has authored or edited five books. He is a columnist for Slate, a contributing editor at "The National Interest, " and a political commentator on CNN, Fox News, and CNBC. He lives in New York City and teaches at Columbia University.
"Many scholars have begun to analyze state capitalism. One of the clearest and most comprehensive treatments is The End of the Free Market by Ian Bremmer." -David Brooks, "New York Times" "Mr. Bremmer... provides a wide-ranging account of the rise of state capitalism and he litters his prose with apposite examples and acute insights. Nobody with a serious interest in the current dilemma should pass it by." -"The Economist" "Brilliant and indispensible. One of the preeminent political analysts of our time with the must-read book for how politics and global markets are converging at our peril." -Nouriel Roubini, Chairman of Roubini Global Economics "From the stories of deadly rioting at a Chinese factory to the Russian prime minister's grocery shopping to the construction site of an entirely new Saudi city, this is a fascinating story with a timely and important message: American- style free-market democracy might not be the wave of the future." - Fareed Zakaria, editor, "Newsweek" International; author of "The Post- American World" ""The End of the Free Market" is both fresh and provocative. It illuminates the subtle, yet powerful, geopolitical and economic undercurrents that must be understood by all of us." - Greg Brown, CEO of Motorola "Ian Bremmer's understanding of international commerce and politics is peerless. "The End of the Free Market" holds essential insights for anyone conducting business on the global level." - Sallie Krawcheck, President, global wealth and investment management, Bank of America "A powerful analysis of the new emerging world order by an author who is always full of insights." - George Osborne, MP, shadow chancellor of the Exchequer "Ian Bremmer's book couldn't have come at a better time. An essential guide to the future of the world economy, "The End of the Free Market" describes the coming war for the soul of capitalism. It offers useful insights for investors, business leaders, and anyone interested in how to survive this coming global confrontation." - David Smick, Global policy strategist and author of "The World Is Curved: Hidden Dangers to the Global Economy"
END OF THE FREE MARKET
Who Wins the War Between States and Corporations?
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