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Essay / Research Paper Abstract
This 9 page paper examines the book in light of contemporary politics. Global issues are considered. No other sources cited.
Page Count:
9 pages (~225 words per page)
File: RT13_SA017tbo.rtf
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Unformatted sample text from the term paper:
Luttwak suggests that it is all down hill from here. The author feels that there will be serious economic consequences for the present good times, particularly in the third
world that does not have the infrastructure to support growth. Although much of the argument is centered throughout the globe, the author also provides evidence that problems will also exist
in the United States such as in the sectors which are downsizing. He uses Boeing as an example, the aerospace company that had to let some of its employees go.
Thus, this authors argument is all inclusive but certainly American centered. For the most part, the book focuses on the excesses that emanate from capitalism and contemplate whether it is
all worthwhile. The author sees the social costs of capitalism, particularly since the advent of globalization. What are these social costs? For the most part, the social costs pertain to
everything to do with economic downturns such as housing that is not affordable to unemployment to high inflation. What happens is that people cannot afford to live comfortably so their
relationships are strained. The result may be seen in terms of increases in alcoholism, drug addition, and divorce all the way to child labor and prostitution that is prevalent in
the third world. The author does talk about unemployment, criminality and poverty, inclusive of underclass myths. So where does society go from the year 2000? Many questions about the future
do surface, both in terms of the third world nations that have been hurt to the domestic tranquility disturbed by the ever widening gap between rich and poor. Of course,
the author does not criticize capitalism conceptually. He supports the notion and applauds it at least up until the 1980s. The 1980s was dubbed the decade of greed, exemplified in
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