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by Eamonn Fingleton (Author)
In recent years, popular wisdom has held that opening American markets to Chinese goods was the best way to promote democracy in Beijing--that the Communist Party's grip would quickly weaken as increasingly affluent Chinese citizens embraced American values. That popular wisdom was wrong. As Eamonn Fingleton shows in this devastating book, the culmination of twenty years of research and study, instead of America changing China--i.e., making China more democratic--China is changing America.
While the Chinese people's rising affluence is, of course, an occasion for wholehearted rejoicing, Uncle Sam should give the Chinese power system a wide berth--lest he catch his coattails in the jaws of a dragon.Author Biography
Eamonn Fingleton, a prescient former editor for Forbes and the Financial Times, has been monitoring East Asian economics since he met supreme leader Deng Xiaoping in 1986 as a member of a top U.S. financial delegation. The following year he predicted the Tokyo banking crash and went on in Blindside, a controversial 1995 analysis that was praised by J. K. Galbraith and Bill Clinton, to show that a heedless America was fast losing its formerly vaunted dominance in advanced manufacturing to Japan. His book In Praise of Hard Industries: Why Manufacturing, Not the Information Economy, Is the Key to Future Prosperity brilliantly anticipated the Internet stock crash of 2000. His books have been read into the U.S. Senate record and named among the ten best business books of the year by Business Week
