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The Price of Prosperity
Why Rich Nations Fail and How to Renew Them
By: Todd G. Buchholz
Hardcover | 23 May 2016
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America and other developed countries, including Germany, Japan, France, and Great Britain are in desperate straits. The loss of community, a contracting jobs market, immigration fears, rising globalization, and poisonous partisanship—the adverse price of unprecedented prosperity—are pushing these nations to the brink.
Acclaimed author, economist, hedge fund manager, and presidential advisor Todd G. Buchholz argues that without a sense of common purpose and shared identity, nations can collapse. The signs are everywhere: Reckless financial markets encourage people to gamble with other people’s money. A coddling educational culture removes the stigma of underachievement. Community traditions such as American Legion cookouts and patriotic parades are derided as corny or jingoistic. Newcomers are watched with suspicion and contempt.
As Buchholz makes clear, the United States is not the first country to suffer these fissures. In The Price of Prosperity he examines the fates of previous empires—those that have fallen as well as those extricated from near-collapse and the ruins of war thanks to the vision and efforts of strong leaders. He then identifies what great leaders do to fend off the forces that tear nations apart.
Is the loss of empire inevitable No. Can a community spirit be restored in the U.S. and in Europe The answer is a resounding yes. We cannot retrieve the jobs of our grandparents, but we can embrace uniquely American traditions, while building new foundations for growth and change. Buchholz offers a roadmap to recovery, and calls for a revival of national pride and patriotism to help us come together once again to protect the nation and ensure our future.
About the Author
Todd G. Buchholz is a former White House director of economic policy, award-winning teacher at Harvard, and managing director of the Tiger hedge fund. Currently founder and managing director of the Two Oceans Fund. He is coproducer of the Tony Award-winning Jersey Boys, and has written for the New York Times, the Wall Street Journal, Forbes, and Reader's Digest. He is the author of New Ideas From Dead Economists, From Here to Economy, Market Shock, Bringing the Jobs Home, and the novel The Castro Gene, and he is a frequent in-demand speaker and television guest host. He lives with his wife and daughters in Solana Beach, California.
Industry Reviews
ISBN: 9780062405708
ISBN-10: 0062405705
Published: 23rd May 2016
Format: Hardcover
Language: English
Number of Pages: 384
Audience: General Adult
Publisher: HarperCollins Publishers
Country of Publication: US
Dimensions (cm): 23.5 x 15.4 x 3.0
Weight (kg): 0.54
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