The Price of Prosperity: Why Rich Nations Fail and How to Renew Them
Written by Todd G. Buchholz
Narrated by Todd G. Buchholz
4.5/5
()
About this audiobook
In this bold history and manifesto, a former White House director of economic policy under President George H. W. Bush exposes the economic, political, and cultural cracks that wealthy nations face and makes the case for transforming those same vulnerabilities into sources of strength—and the foundation of a national renewal
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.
Todd G. Buchholz
Todd G. Buchholz is a former White House director of economic policy, managing director of the legendary Tiger hedge fund, and winner of Harvard’s annual teaching prize in economics. He is the author of New Ideas from Dead Economists and New Ideas from Dead CEOs, and has written for the New York Times, the Wall Street Journal, Time, and Forbes. He regularly appears on PBS, NPR, Fox, and CNBC, and is a co-producer of the Broadway hit Jersey Boys. Buchholz has served as a fellow at Cambridge University and is the inventor of the Math Arrow Matrix. He lives in Southern California.
Related to The Price of Prosperity
Related audiobooks
Plutocrats: The Rise of the New Global Super-Rich and the Fall of Everyone Else Rating: 4 out of 5 stars4/5Leave Me Alone and I'll Make You Rich: How the Bourgeois Deal Enriched the World Rating: 3 out of 5 stars3/5Bad Samaritans: The Myth of Free Trade and the Secret History of Capitalism Rating: 4 out of 5 stars4/5People, Power, and Profits: Progressive Capitalism for an Age of Discontent Rating: 4 out of 5 stars4/5Freefall: America, Free Markets, and the Sinking of the World Economy Rating: 4 out of 5 stars4/5The Great Reversal: How America Gave Up on Free Markets Rating: 5 out of 5 stars5/5Time to Start Thinking: America in the Age of Descent Rating: 4 out of 5 stars4/5The Mystery of Capital: Why Capitalism Triumphs in the West and Fails Everywhere Else Rating: 4 out of 5 stars4/5The Ages of Globalization: Geography, Technology, and Institutions Rating: 4 out of 5 stars4/5The Price of Time: The Real Story of Interest Rating: 4 out of 5 stars4/5How the West Was Lost: Fifty Years of Economic Folly---and the Stark Choices Ahead Rating: 4 out of 5 stars4/5A New Foreign Policy: Beyond American Exceptionalism Rating: 4 out of 5 stars4/5The Wealth of Humans: Work, Power, and Status in the Twenty-first Century Rating: 4 out of 5 stars4/5The Hidden History of Monopolies: How Big Business Destroyed the American Dream Rating: 4 out of 5 stars4/5Progress and Poverty Rating: 4 out of 5 stars4/5The Divide: Global Inequality from Conquest to Free Markets Rating: 4 out of 5 stars4/5Keynes Hayek: The Clash That Defined Modern Economics Rating: 4 out of 5 stars4/5Lords of Finance: The Bankers Who Broke the World Rating: 4 out of 5 stars4/5The Alchemists: Three Central Bankers and a World on Fire Rating: 5 out of 5 stars5/5Destined for War: Can America and China Escape Thucydides's Trap? Rating: 4 out of 5 stars4/5Saving Capitalism: For the Many, Not the Few Rating: 4 out of 5 stars4/5From Silk to Silicon: The Story of Globalization Through Ten Extraordinary Lives Rating: 4 out of 5 stars4/5The Ascent of Money: A Financial History of the World Rating: 4 out of 5 stars4/5The Entrepreneurial State: Debunking Public vs. Private Sector Myths Rating: 4 out of 5 stars4/5The Economic Consequences of the Peace Rating: 5 out of 5 stars5/513 Bankers: The Wall Street Takeover and the Next Financial Meltdown Rating: 4 out of 5 stars4/5The Why Axis: Hidden Motives and the Undiscovered Economics of E Rating: 4 out of 5 stars4/5The Money Plot: A History of Currency's Power to Enchant, Control, and Manipulate Rating: 4 out of 5 stars4/5Who Gets What—And Why: The New Economics of Matchmaking and Market Design Rating: 4 out of 5 stars4/5
Economics For You
Economics 101: How the World Works Rating: 5 out of 5 stars5/5Freakonomics Rev Ed Rating: 4 out of 5 stars4/5Why the Rich Are Getting Richer Rating: 5 out of 5 stars5/5Nudge: The Final Edition: Improving Decisions About Money, Health, And The Environment Rating: 4 out of 5 stars4/5Nickel and Dimed: On (Not) Getting By in America Rating: 4 out of 5 stars4/5Chip War: The Quest to Dominate the World's Most Critical Technology Rating: 5 out of 5 stars5/5Marvel Comics: The Untold Story Rating: 4 out of 5 stars4/5Think Like a Freak: The Authors of Freakonomics Offer to Retrain Your Brain Rating: 4 out of 5 stars4/5San Fransicko: Why Progressives Ruin Cities Rating: 4 out of 5 stars4/5Principles for Dealing with the Changing World Order: Why Nations Succeed or Fail Rating: 5 out of 5 stars5/5The Four Pillars of Investing: Lessons for Building a Winning Portfolio Rating: 5 out of 5 stars5/5Men Without Work: America's Invisible Crisis Rating: 4 out of 5 stars4/5Economics 101: From Consumer Behavior to Competitive Markets—Everything You Need to Know About Economics Rating: 5 out of 5 stars5/5The Technology Trap: Capital, Labor, and Power in the Age of Automation Rating: 4 out of 5 stars4/5Poor Economics: A Radical Rethinking of the Way to Fight Global Poverty Rating: 4 out of 5 stars4/5A History of the United States in Five Crashes: Stock Market Meltdowns That Defined a Nation Rating: 4 out of 5 stars4/5Don't Trust Your Gut: Using Data to Get What You Really Want in Life Rating: 4 out of 5 stars4/5What We Owe Each Other: A New Social Contract for a Better Society Rating: 4 out of 5 stars4/5Overdressed: The Shockingly High Cost of Cheap Fashion Rating: 4 out of 5 stars4/5The Genius of Israel: The Surprising Resilience of a Divided Nation in a Turbulent World Rating: 4 out of 5 stars4/5Nothing Is True and Everything Is Possible: The Surreal Heart of the New Russia Rating: 4 out of 5 stars4/5The Myth of Capitalism: Monopolies and the Death of Competition Rating: 4 out of 5 stars4/5The Color of Money: Black Banks and the Racial Wealth Gap Rating: 5 out of 5 stars5/5These are the Plunderers: How Private Equity Runs—and Wrecks—America Rating: 5 out of 5 stars5/5The Lords of Easy Money: How the Federal Reserve Broke the American Economy Rating: 4 out of 5 stars4/5The Sovereign Individual: Mastering the Transition to the Information Age Rating: 5 out of 5 stars5/5Requiem for the American Dream: The 10 Principles of Concentration of Wealth & Power Rating: 5 out of 5 stars5/5Doughnut Economics: Seven Ways to Think Like a 21st-Century Economist Rating: 5 out of 5 stars5/5Killing Sacred Cows: Overcoming the Financial Myths that are Destroying Your Prosperity Rating: 5 out of 5 stars5/5
Reviews for The Price of Prosperity
4 ratings1 review
- Rating: 5 out of 5 stars5/5It talked a lot of interesting things that stood out to me