Monday, April 26, 2021
Trade Wars Are Class Wars examines global trade conflicts through a different lens. The authors, Matthew C. Klein, an economics commentator at Barron’s, and Michael Pettis, a professor of finance at Peking University’s Guanghua School of Management, reason that conflict between countries is a result of conflict within countries. They believe trade wars are the unintended consequences of governments serving the interests of the upper classes at the expense of workers and retirees. In other words, they are a symptom of a bigger disease – rising income inequality across the globe.