The Judas economy

by William Wolman

In this compelling and impassioned book, Business Week chief economist Bill Wolman and Anne Colamosca say what our business and government leaders are unwilling to admit, but most Americans know in their gut: in the brave new global economy, big money holds all the cards while workers - including white-collar professionals - are increasingly expendable. Until now, our leaders have chosen to ignore that the new global economy has rewritten the economic rules that have governed our thinking over the last fifty years. The consequences for American competitiveness and morale are dire. Yet there are many actions we could take, the authors show, if only Americans would not let themselves be blinded by a false faith in ever-rising stock market, and would begin to question the dogma of the politicians and economists who assure us that the American economy is getting healthier for all of us. The downsizing trend will continue, the authors argue, whether or not America grows more competitive. A