Review: The Great Unraveling–Losing Our Way in the New Century

4 Star, Economics, Politics

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4.0 out of 5 stars Read Preface and Introduction, Skip the Rest,

September 24, 2003
Paul Krugman
Edit of 21 Dec 07 to add comment and links.

New Comment: the author was ahead of his time. See new links below.

The book is worth buying for the Preface and Introduction alone. The rest of the book is a somewhat irritating replay of every column the author has ever written, and not nearly as well done or as riveting as, say, Tom Friedman's replays in “Longitudes & Attitudes”. However, if you have not read the author's columns, his bite-size descriptions of irrational exuberance, crony capitalism, the failure of the Federal Reserve, fuzzy math, how markets go bad, and global spoilage, then they are all certainly worth browsing.

The Preface has three core ideas: 1) the elites are ruling badly and not beneficially for the majority of the population including all the voters and most of the stockholders; 2) politicians and corporation chiefs are getting away with blatant lies to the public because of a media that avoids critical inquiry; and 3) open sources of information–all that lies in the public domain–are more than adequate for anyone to get a grip on reality.

The Introduction is a bit scarier and more pointed. The author joins Mark Hertsgaard, author of The Eagle's Shadow: Why America Fascinates and Infuriates the World in suggesting that the radical right is creating nothing less than a Reichstag in America. In the author's view, and he quotes Kissinger in chilling terms, the radical right is a revolutionary power that is very deliberately and with malice at all times, rejecting and undermining the democratic rules of the game. In the author's words, the radical right is “a movement whose leaders do not accept the legitimacy of our current political system.” The author goes so far as to suggest that the radical right considers elections as “only a formality” and that they will do anything–including subversion of the Constitution–to “win” those elections and reap the domestic and foreign “looting rights.”

Disclosure: I used to be a conservative Republican and used to think such ideas were simply over the top. I have been radicalized by the last 200 books I have read (and reviewed on Amazon) and I have to say, while the third of the nation that is close-minded and ideologically-blindered on the right may give the author short shrift, the other two thirds–the drop-outs and splinter parties, and the failing Democrats–they should take Krugman very seriously. He is an economist, teaching at Princeton, not a journalist nor a sensationalist, and in my view, when one combines his book with that of Clyde Prestowitz, a Presbyterian elder and solid Reagan Republican and fiscal conservative (Rogue Nation: American Unilateralism and the Failure of Good Intentions), with that of William Greider, writing on the immorality and social costs of capitalism as we practice it today (The Soul of Capitalism: Opening Paths to a Moral Economy), one can only conclude that the Republic, and that for which it stands, have been hijacked, are being looted, and the American Democratic experiment is on very thin ice.

The index to this book is helpful in running down specific individuals, corporation, and organizations that have committed crimes against the Nation that the author has addressed in his many columns for the New York Times, as repeated in this book.

See also:
The Battle for the Soul of Capitalism: How the Financial System Underminded Social Ideals, Damaged Trust in the Markets, Robbed Investors of Trillions – and What to Do About It
Vice: Dick Cheney and the Hijacking of the American Presidency
Running on Empty: How the Democratic and Republican Parties Are Bankrupting Our Future and What Americans Can Do About It
The Global Class War: How America's Bipartisan Elite Lost Our Future – and What It Will Take to Win It Back
Day of Reckoning: How Hubris, Ideology, and Greed Are Tearing America Apart

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Review: Terrain Analysis of Afghanistan

5 Star, Geography & Mapping

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5.0 out of 5 stars The Bible for Reconstruction & Military Operations,

September 24, 2003
Kent D. Lee
I am a very happy owner of this volume, and I will certify that it is easily worth $2,500 to $5,000 for any construction or paving company bidding for or awarded contracts in Afghanistan.I have known Kent Lee and East View Cartographic since 1995, when they were instrumental in supporting me in a competitive exercise to demonstrate all that could be done with “open sources” of information, versus narrowly-focused classified capabilities. The ability of this individual and this organization to acquire and then exploit Russian, Chinese, and other third-nation source material has made them the single most important geospatial entity in the world after the National Imagery and Mapping Agency.

Every page is clearly printed and the maps, all in color, are extraordinary. The fine print can be a burden if you have to read more than a few sections at a time, but was a necessity–the book would not be easily portable otherwise.

I understand that similar books are in the works for Iraq and other countries where terrain analysis is a vital element of reducing costs and increasing profits and operational successes. This book is both essential to prior planning, and essential to on-going operations.

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Review: Bin Laden–The Man Who Declared War on America

4 Star, Biography & Memoirs, Terrorism & Jihad

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4.0 out of 5 stars Over the Top in Iraq, Brilliant in All Other Respects,

September 24, 2003
Yossef Bodansky
Edit of 21 Dec 07 to add comment and links.

New Comment: this remains a very important foundation document for understanding the complete failure of US intelligence to detect and monitor Saudi government funding of violent Islam and Wabbabism.

The author is a brilliant Arabist who has refined the art of acquiring and exploiting open sources of information on bin Laden and terrorism to a near science. His “MOSQINT” lectures draw packed houses of professional intelligence officers from over 40 countries.

The book is a hard read, but if one desires to understand the murky inter-relationships among the *governments* of Pakistan, Syria, Saudi Arabia, and Egypt, among others, the businesses and charities working actively to channel government and private funds to terrorists, and the global loosely-knit network of “fellow travelers” and jihadists, then this book is “Ref A.”

In my personal view, the author is a bit over the top in trying to link Iraq to bin Laden. This reminds of the Claire Sterling-Ollie North school of “anything goes” as long as you believe it. Having said that (and so has Vaclav Havel, President of Czechoslovakia, who personally dismissed a lie consistently told by the Bush Administration about a meeting in Prague between a terrorist known by the FBI to have been in Florida at the time, and an Iraqi intelligence officer), I give the book very high marks in all other respects.

The Conclusion, appropriately Chapter 13, is titled “What Next.” The book is worthy of purchase and recurring reference for this chapter alone. Especially troubling is the documentation of how many terrorists are moving around the world on legitimate passports from the United Kingdom, France, Germany, Turkey, Kuwait, Algeria, Albania, Saudi Arabia, Malaysia, and other countries. The book adds confirmation to the many other references I have seen (many posted to OSS.Net news and reference section) regarding the active involvement of the Pakistani intelligence service in funding and training and facilitating travel for bin Laden personally, for his top lieutenants, and for terrorists in general.

The author's focus in the conclusion on the potential for Central Asia (all former khanates, all Muslim, all angry separatists from the Soviet Union) is especially interesting, as we see the beginnings of a “third front” there, with India-Pakistan being a fourth front, and South Asia a fifth front. Latin America and Africa are the sixth front. In brief, the author is one of those documenting the depth and scope of a global terrorism threat that the Bush Administration has unwisely chosen to attack with conventional military means, on six different fronts, none of which is sustainable in the medium or long term.

The author anticipated terrorist attacks against the UN and NATO when he discusses, on page 403, the Muslim declarations that include the UN and NATO in the fatwas against the USA, because the Muslim world “is being deceived by [these organizations], because they are hostile to Muslims and are responsible for all the massacres being perpetrated against Muslims in Afghanistan, Lebanon, Palestine, Albania, and Kosovo.” The UN in Iraq has been hit twice. I expect NATO in Afghanistan to be hit several times between now and the end of 2003, and I expect US special forces units to be massacred in detail in Afghanistan, the Philippines, and Indonesia.

Bin Laden, dead or alive. Right. Bin Laden could not, in his wildest prayers to Allah, have imagined a better partner for fostering terrorism around the world than hip-shooting cowboy and unilateralist George W. Bush. Bin Laden created a global system of terrorism, the fire if you will, and George W. Bush and his neo-conservatives are blindly pouring $250 billion worth of tax-payer funded gasoline on that fire.

The author has recently been the recipient of the Golden Candle Award from the international open source intelligence committee. His citation reads:

“For his global multi-lingual open source investigations into terrorism, and his extraordinary professional achievement in writing and publishing “BIN LADEN: The Man Who Declared War on America”, years before the 9-11 World Trade Center demonstration of what well-funded suicidal terrorism can achieve when intelligence and policy both fail to focus on the threat.”

Whatever research or opinion flaws might be contained in this book, it is an essential reference in understanding both the dangers of terrorism, and the futility of the current US “strategy” for defeating terrorism by hammering and then abandoning Afghanistan and Iraq.

More recent books relevant to this one:
The Looming Tower: Al Qaeda and the Road to 9/11 (Vintage)
The Osama bin Laden I Know: An Oral History of al Qaeda's Leader
9/11 Synthetic Terror: Made in USA, Fourth Edition
Dying to Win: The Strategic Logic of Suicide Terrorism
Vice: Dick Cheney and the Hijacking of the American Presidency
Wars of Blood and Faith: The Conflicts That Will Shape the 21st Century
Fiasco: The American Military Adventure in Iraq

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Review: Intelligence and the War in Bosnia–1992-1995 (Perspectives on Intelligence History)

5 Star, Asymmetric, Cyber, Hacking, Odd War, Atrocities & Genocide, Complexity & Catastrophe, Crime (Government), Empire, Sorrows, Hubris, Blowback, Force Structure (Military), History, Insurgency & Revolution, Intelligence (Government/Secret), Military & Pentagon Power, Misinformation & Propaganda, Peace, Poverty, & Middle Class, Politics, Power (Pathologies & Utilization), Religion & Politics of Religion, Stabilization & Reconstruction, Strategy, True Cost & Toxicity, Truth & Reconciliation, Voices Lost (Indigenous, Gender, Poor, Marginalized), War & Face of Battle

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5.0 out of 5 stars Unique Blend of Lessons Learned and Tutorial on Intelligence,

September 24, 2003
Cees Wiebes
This is a superb publication. An American, who would never have received the kind of direct official support provided to the author by the government of The Netherlands, could not have written it.This is the only book that I know of that fully integrates deliberate studies of UN intelligence; Western and NATO intelligence (which the author correctly notes does not exist); Dutch intelligence; and belligerent party intelligence.

Several recurring themes of lasting value emerged from my reading of this book:

1) The UN is dangerously devoid of intelligence qua decision-support. The culture of the UN leadership, the UN bureaucracy, and the UN delegates is one that places a higher priority on the semblance–the mockery–of lip service to open sources and legal methods, while sacrificing the lives of UN forces in the field. One cannot read this book, and its superb documentation of how UN Force Commander after UN Force Commander pleaded for intelligence support, only to be told no by the staff in New York, without becoming very angry. This book makes it perfectly clear that the UN leadership failed the Croats, the Serbs, and the international peacekeepers, in every possible way. Toward the end of the book the author also focuses on the UN as a source for the belligerents, i.e. UN incapacity for operational security and secure communications in fact makes it a primary source for belligerents seeking to kill one another.

2) The West failed in Bosnia in part because it became over-reliant on technical intelligence (which it could not process or analyze with sufficient speed and reliability), and did not have adequate numbers of competent clandestine Human Intelligence (HUMINT) or even ground-truth observers in the region. A contributing source of failure was the evidently deliberate decision on the part of the Clinton White House to downplay the conflict and to withhold such intelligence warning as they did have from the UN, in the misplaced belief that sharing such information would interfere with the peace process. Tens of thousands died because of Clinton White House irresponsibility.

3) Intelligence “liaison” or structured sharing across national boundaries, was an ungodly mess made worse by the inherent biases and rose-colored glasses worn by the Americans and the British on one side, and the French and the Germans on the other. “Wishful thinking” by policy makers interfered with proper assessments of the relative condition and intentions of the various belligerents.

4) The CIA clandestine endeavor was split, with one Station operating out of Sarajevo and another out of Zagreb, and no overall coordination or integration of sources and reports.

5) Civil Affairs (CA) as a military occupational specialty is blown forever by CIA Directorate of Operations (DO) abuses, most without the permission of the U.S. European theater commander. CIA/DO managers should be disciplined for this breach of internal US government protocols.

6) The Dutch were not ready to field a major operational or tactical intelligence support architecture, and in-fighting among various elements prevented the various analysts from making the most of what little they could glean from varied sources. The same was actually true of all Western intelligence communities–all had other priorities and too few resources [although language deficiencies are not emphasized by the author, one presumed a grotesque lack of required competencies across the Croat and Serb dialects as well as Yugoslavian, Turkish, and Arabic]. In the view of a senior officer whose quotations close Chapter 3, heads should be rolling for dereliction of duty–although the subject refers only to the Dutch, the reviewer would add US and British heads as well.

7) The book excels–is remarkable and perhaps unique–for its discussion of the secret arms supplies–not only the routes, the providers, the landing zone delivery means–but the active violation by the US of the embargo, and the active role of US Special Forces in violating the embargo without a covert action “finding”, and hence also in violation of US law. Other nations were equally at fault. It is clear from the book that the UN needs not only operational and tactical intelligence for the specific area of operations, but an extended intelligence and operational capability sufficient to *interdict* incoming arms to the belligerents. This book may well be the single best reference on this topic.

8) The sections of the book on signals and imagery intelligence are a work of art, combining historical scholarship with original research and a very fine tutorial aspect. The listing of the 11 disadvantages of SIGINT (pages 224-228) is the finest I have ever seen. The bottom line in both instances is: too much collection, too little processing and analysis. The author uses a remarkable quote from a former Director of the National Security Agency to make this point: good news is that we can exploit a million messages a day; bad news is that we don't know which million out of the billions we capture to do… Also interesting is the detailed accounting of belligerent party competencies in SIGINT and IMINT, to include the use of Unmanned Aerial Vehicles and advanced methods.

9) The book ends with two notes that I choose to emphasize, although the author makes many valuable observations in his conclusions that I will not repeat here: first, support to UN operations was the *fifth* priority for Western intelligence, coming after force protection, after ground truth observation, after support for air targeting, and after support for NATO ground troop planning; and second, Doctors Without Borders, a non-governmental organization, was the *only* entity to get true validated warning of the Srebrenica genocide.

The index is terrible-names only. Properly indexing the book for references to all intelligence sources and methods as well as events and practices, would make it 2X to 3X more valuable as a basic reference.

This book is highly recommended and a “must have” for every national security and international affairs library, and for every professional interested in peacekeeping intelligence.

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Review: The Two Percent Solution–Fixing America’s Problems in Ways Liberals and Conservatives Can Love

5 Star, America (Founders, Current Situation), Best Practices in Management, Change & Innovation, Congress (Failure, Reform), Democracy, Economics, Education (General), Executive (Partisan Failure, Reform), Future, Intelligence (Public), Justice (Failure, Reform), Peace, Poverty, & Middle Class, Survival & Sustainment

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5.0 out of 5 stars Re-Opens the Door to a Bright Future for America,

September 24, 2003
Matthew Miller
Edit of 21 Dec 07 to add links.

This book is politically and economically *explosive*. It joins The Radical Center: The Future of American Politics (Halstead & Lind) and The Cultural Creatives: How 50 Million People Are Changing the World (Ray & Anderson) as one of my “top three” in domestic US political economics, and it *also* joins The Soul of Capitalism: Opening Paths to a Moral Economy (William Greider) and Rogue Nation: American Unilateralism and the Failure of Good Intentions (Clyde Prestowitz) is my “top three” for international political economics.

This is a cross-over, transformative book that should be meaningful to everyone in the world, but especially to those Americans who wish to break out of the vicious downward spiral caused by partisan politics and voodoo economics–by elected politicians corrupted by special interests and consistently selecting short-term fraudulent “solutions” at the expense of long-term *sustainable” solutions.

By “2% solution” the author means 2 cents of every dollar in the national budget, or roughly what we have already wasted or committed to waste on the misbegotten Iraq invasion and occupation. The author crafts a viable proposition for thinking really big and coming to grips, in time to avert the looming disaster of the baby boomer pensions and the collapse of health care and education, with the four biggest issues threatening the national security and prosperity of the United States of America: universal health care; equal education for all, a living wage for all, and sustainable reliable pensions for all.

He sums it up in a gripping fashion: if we don't fund smart well-educated kids across the entire country, then we will not have the productivity we need to expand our pension funds and care for the boomers when they hit retirement. Smart kids now, safe retirement for today's adults. Any questions?

He is candidly (but politely) blunt when he states, and then documents, that both the Republican and Democratic party leaders (less Howard Dean) are lying to us about the answers that are possible (Prologue, page xiii). His book is an earnest–and in my judgement, hugely successful–attempt to create what the author calls an “ideologically androgynous” agenda for achieving social and economic justice in America with a commitment of just two cents on the tax-revenue dollar.

On the issue of teaching, he documents the “teacher gap” as one of the primary reasons for varying levels of performance–a gap that is more important than genetics or environment, and that is also resolvable by sound educational policy and funding. He brutally undresses both the Bush Administration, which is leaving every child behind, and the Democrats, who are “more symbol than cure.” Republican hypocrisy and Democratic timidity receive an equal thrashing.

On living wages, he documents the 25 million that are not covered; on pensions he documents the coming collapse of Social Security and other “off budget” and unprotected funds.

He provides four reasons why we have a dysfunctional debate (and one can surmise: why we need to change the Presidential election process in order to achieve truly open and substantive debates): 1) paralysis from political party parity; 2) old mind-sets and habits shared by *both* Republican and Democratic leaders (less Governor Dean); 3) the failure of the national press to be serious and critical and to contribute to the debates; and 4) the tyranny of charades funded by political contributions.

The book includes an excellent and understandable review of both economic and social justice theory. Of special interest is the author's discussion of the Rawls Rule for social justice, which is to imagine everyone in an “original position” behind a veil of ignorance where no one knows what their luck will be in the future–the design of the social safety net should provide for the amelioration of any injustice that might befall anyone, and a social promotion system that prevents wealth concentrations that are not beneficial to the larger society–to wit, we must “set some limits on the power of luck to deform human lives.”

The author concludes the book by suggesting that the public is ready for a revolution in U.S. political economic affairs, and in so doing points out how ill-served the U.S. public is by surveys that confuse myopia with honesty–surveys that ask generic questions without revealing the scope of the problem (40 million affected, etc.) with the result that the public is not informed of the depth of the problem–or, as the author suggests–they would *want to do something about it.”

This is a sensible, heartening book. It is a book that gives hope for the future and that displays a proper respect for the good intentions and ability to think of the average citizen. It is a book that, if adopted by any Presidential candidate–or by all of them–could radically alter the public debates that lie before the public in the period leading up to the 2004 election. Every American should read this book and the four books cited above. If Thomas Jefferson was correct when he said, “A Nation's best defense is an educated citizenry,” then Matthew Miller just became the first tutor to the new Nation.

New Comment: Between a Tobin tax on every Federal Reserve transaction, an end of income taxes on individuals, and this author's idea, I am quite certain that we can find and apply a trillion a year against global and domestic high-level threats from poverty to transnational crime, while winding down the military, secret intelligence, prison, and hospital complexes. This is one of the books I would recommend the next President read sooner than later.

See also, with reviews:
One from Many: VISA and the Rise of Chaordic Organization
The Tao of Democracy: Using Co-Intelligence to Create a World That Works for All
Breaking the Real Axis of Evil: How to Oust the World's Last Dictators by 2025
The Fortune at the Bottom of the Pyramid: Eradicating Poverty Through Profits (Wharton School Publishing Paperbacks)
The Wealth of Networks: How Social Production Transforms Markets and Freedom
Revolutionary Wealth: How it will be created and how it will change our lives

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Review: The Eagle’s Shadow–Why America Fascinates And Infuriates The World

5 Star, America (Anti-America), Empire, Sorrows, Hubris, Blowback

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5.0 out of 5 stars Of 1000+ Books on National Security, This Is 1 of Top 10,

September 13, 2003
Mark Hertsgaard
Edit of 21 Dec 07 to add links.

This review has been edited (giving up 14 votes) to eliminate an inappropriate and premature designation of Howard Dean as “the one”. Regardless of who helps America to regain its balance, this book is 1 of a handfull utterly brilliant contributions that everyone should buy and read and discuss.

As the only reviewer for Amazon who focuses exclusively on national security non-fiction, across the categories of information; intelligence; emerging threats; strategy & force structure; blowback, international relations, and dissent; and US political, leadership, and the future of life; I want to say quite clearly that I regard this book as one of the three “must reads” for every American between now and November 2008. The other two are #1 William Greider, The Soul of Capitalism: Opening Paths to a Moral Economy, and #2, Jonathan Schell, The Unconquerable World: Power, Nonviolence, and the Will of the People.

This book is solid, serious truth-telling. Those reviewers, including the so-called professional editorial reviewers, who demean this book are simply revealing their narrow self-centered arrogance–precisely the quality in many Americans that is most distressing to the rest of the world. I find it of considerable importance that this book is favorably considered by the major intellectual newspapers and magazines across Europe and in the US, and including The Economist, the Christian Scientist Monitor, and Salon.com.

Easy to read, well-organized, this is a story, not a documentary, and it should be appreciated in that light. On page 10 the book's main argument is perfectly captured by a quote from a South African: “we know everything about you [Americans] and you know nothing about us.” Therein lies the problem. As the author notes later in the book, after a review of the decrepitude of both our media and our educational systems in relation to foreign affairs and national security, “Ignorance is an excuse, but it is no shield.”

Although I have reviewed many other books that have much more detail and are more documentary in nature, I give this author credit for telling a story that is comprehensible and compelling to the normal citizen, one already disadvantaged by a mediocre news services and functionalist schools that do not teach, as I do, that the world has 32 complex emergencies (failed states), 66 countries distressed by tens of millions of displaced persons, 33 countries with massive starvation as a daily fact of life, 59 countries with plagues and epidemics this very day. There are also 18 genocide campaigns that everyone is ignoring, this very day, massive water scarcity, energy scarcity at the poverty level, and corruption and censorship across 80 and 62 countries. America has no clue….it is not only the average citizen that is ignorant, but the average elected official and the average federal bureaucrat as well. This book helps remedy that situation.

The author does a fine job of distilling both a broad literature and a broad survey of foreign views through direct interview, and it is a job good enough to put this book into my “top three” for the year.

I will end by saying that this book persuaded me that the US has become a Third World nation, a lower-tier disadvantaged nation, in many respects. Apart from the critical infrastructure, which has not been refurbished in a quarter century because of the fraud perpetuated on the public by deregulation, and the massive poverty, prisons, poor health, and so on, what we have in America today is massive injustice and a massive concentration of wealth so outrageous that in any other country it would have led to a violent revolution.

This book has persuaded me that America needs not one, but two Truth & Reconciliation Commissions. We need a Truth & Reconciliation Commission, ideally managed by Colin Powell, to investigate the perversion of both capitalism and democracy in the US, and to outline a way forward such as William Greider discusses in “The Soul of Capitalism.” We also need, even more desperately, a Truth & Reconciliation Commission, ideally managed by Nelson Mandela and Lee Kuan Yew, to catalog and acknowledge, and apologize to the world for, the war crimes, the unethical behavior, and the enormous political, social, cultural, economic, demographic, and natural resource costs we have imposed on the world through our ignorance and arrogance.

There are six billion people out there, waiting to see how America handles the emerging Reichstag known as the neo-conservative Cheney-Bush regime. We cannot kill them nor contain them with force–as Jonathan Schell notes in “The Unconquerable World: Power, Nonviolence, and the Will of the People,” there is one path and one path only toward a bright future: non-violent cooperative collective power.

If every American reads this book, and every American votes in an informed manner in November 2008, we can save the world and in the process save America.

Other recommended recent books:
Day of Reckoning: How Hubris, Ideology, and Greed Are Tearing America Apart
Independents Day: Awakening the American Spirit
The Sorrows of Empire: Militarism, Secrecy, and the End of the Republic (The American Empire Project)
Rogue Nation: American Unilateralism and the Failure of Good Intentions
Vice: Dick Cheney and the Hijacking of the American Presidency
Running on Empty: How the Democratic and Republican Parties Are Bankrupting Our Future and What Americans Can Do About It
The Battle for the Soul of Capitalism: How the Financial System Underminded Social Ideals, Damaged Trust in the Markets, Robbed Investors of Trillions – and What to Do About It

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Review: The Soul of Capitalism–Opening Paths to a Moral Economy

5 Star, Capitalism (Good & Bad), Consciousness & Social IQ, Corruption, Economics, Philosophy

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5.0 out of 5 stars Parts the Seas, Restores Hope & Morality to the American Way,

September 13, 2003
William Greider
Edit of 21 Dec 07 to add links.

The author has written a book that outlines an implementable vision worthy of the Nobel Prize.

If you buy just one book this year, if you read just one book prior to voting in the primary and general elections of any country, this is the book. It combines common sense, a deep understanding of the flaws of a capitalist system that has been hijacked by unethical elites, and an extraordinary diversity of interviews and sources that I found compellingly sensible and straight-forward.

Politically and economically, this book offers the citizen-voter-consumer-stockholder an objective and balanced account of exactly what is wrong with the existing American way of capitalism (both at home and abroad), and how we might, over time, fix it.

Most importantly, the author destroys all of the myths and lies about the rising American standard of living, and demonstates that when one revises the Gross Domestic Product calculations to substract rather than add the negative products such as prisons and health care stemming from unsafe products and practices, the over-all national economic indicators have been steadily declining for over thirty years.

The author is brilliant–truly brilliant–in studying the work of others and putting together a case for redefining capitalism and the financial accounting for capitalism to include social costs and benefits as part of the evaluative calculus. He excells at understanding and explaining the benefits to be had by introducing long-term sustainability, worker-friendly labor and management cultures, and balanced work force composition (save the middle class) and compensation (end the looting of America and its pension funds by an out of control corporate elite).

In discussing the soul of capitalism, the author is in fact discussing America's soul. His book is not only a handbook for grassroots and collective bargaining actions by all communities and assocations, it is a reference point by which Americans specifically, but all national in all nations, should be judging their political and economic and social leaders. People *can* take back the power, but first they must understand that the existing economic situation is so unstable and unhealthy that it virtually guarantees life on Earth will end within the next 100 years.

Although the book clearly mandates a reordering of both the American economic and the American political systems, and the author addresses those, he placed the bulk of his emphasis at the grass-roots level, and discusses how specific organizations and communities across America are “by-passing Washington” and establishing revolutionary new covenants for community-based, labor-friendly, sustainable economics.

The book as a whole draws a clear distinction between what one might call Bush Economics (loot the commonwealth, enrich a very tiny elite that already has most of the wealth) and Dean Economics (recover the $500 billion a year in unwarranted corporate subsidies and financial fraud, restore the social side of the capitalist value system, share the wealth, sustain the environment).

The author is a man of faith. Throughout the book, but especially when discussing the Social Gospel movement and reform theologians with close ties to extreme suffering in communities that have lost everything, he can inspire tears of both sadness at what we have done to ourselves, and joy at the possibilities for the future if we the people take back the power.

At every turn in the book one reads about the connection between capitalism and democracy–between corrupt capitalism and the falseness and injustice of American democracy and foreign policy (see our reviews of Paul Krugman's “The Great Unraveling”, Jonathan Schell, “The Unconquerable World”, and Mark Hertsgaard, “The Eagle's Shadow”)–and between moral capitalism and democracy restored.

Drawing on the work of David Ellerman, William Greider discusses the master-servant relationship between corporate employers and human employees, and concludes, as does Ellerman, that all of the injustices of capitalism are based on a legalized fraud. “The ‘fraud' is the economic pretense that people can be treated as things, as commodities or mahcines, as lifeless property that lacks the qualities inseparable from the human self, the person's active deliberation and choices, the personal accountability for one's actions.”

Three additional notes (this review barely scratches the surface and cannot do justice to the wealth of knowledge the author is communicating in a very effective manner):

1) If the labor unions come together to use their pension funds as sledge hammers, they can do a great deal of good in both reforming Wall Street and nurturing labor-friendly and environmental-friendly corporate behavior.

2) The retired population in America represents an untapped national asset–a wise President would find ways to use this virtually unlimited pool of social and functional talent to revitalize communities, schools, families, businesses, and non-profit endeavors.

3) Both the corporate governance model and the enforcement model are so severely flawed that they must be over-turned. Corporations should not have legal personalities that eliminate accountability for the individuals managing them, and the enforcement process needs to be turned on its head, focusing on incentives for higher social performance rather than punishments for the occasionally prosecuted rogue corporation.

In relation to foreign economic relations, the author provides a superb complementary reading to Clyde Prestowitz's book, “Rogue Nation: American Unilateralism and the Failure of Good Intentions.” As he puts it so nicely, in today's world walls do not work and there is no place for corporations to hide once the anger of the people is aroused. America must not only clean its own house, but in so doing, in restoring the morality of capitalism and the realiy of democracy, America will again be a land of ideals instead of hypocrisy, a land of liberty instead of looting, a land that inspires the world instead of corrupting it.

America, and the world, are at a turning point. I pray that no fewer than 50 million Americans will read this book, and I urge every faithful Amazon customer to buy 5 copies of this book and give them out as part of re-engaging every adult in the vital process of restoring democracy and restoring morality to capitalism.

High recommended books, with reviews:
The Battle for the Soul of Capitalism: How the Financial System Underminded Social Ideals, Damaged Trust in the Markets, Robbed Investors of Trillions – and What to Do About It
Blessed Unrest: How the Largest Movement in the World Came into Being and Why No One Saw It Coming
The Tao of Democracy: Using Co-Intelligence to Create a World That Works for All
Society's Breakthrough!: Releasing Essential Wisdom and Virtue in All the People
The Wealth of Networks: How Social Production Transforms Markets and Freedom
One from Many: VISA and the Rise of Chaordic Organization
A Power Governments Cannot Suppress

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