The Global Gamble: Washington's Faustian Bid for World Dominance

This book offers the most lucid descriptions of several crucial issues that you are likely to ever encounter. It is well structured, rational, specific, and well documented. Gowan renders a superb treatment of: the role of expediency in the collapse of Bretton Woods, the benefit to the Dollar-Wall Street Regime from global financial and macro-economic gyrations, the mechanisms whereby currency manipulation has a disproportionate effect on other countries, the mobilization of hedge fund attack-capital in producing the Asian Financial Crisis & the leveraging of that crisis to radically restructure East Asian domestic policy, the regional forces surrounding the first Gulf War, the disastorous implementation of the capitalist transition on Eastern Europe, and finally the way Social Democratic and formerly Communist parties danced around as they implemented this transition. This is one of the best books around concerning the motives, objectives and consequences of DC geo-political-economic policy during the '90's, it cannont fail to inform you and demythologize this sphere: it is free of demonization, over-simplification or brash rhetoric, the facts and figures are crisp and readily understandable without being overly general or conspicuously emphasized. Highest Possible Recommendation!!

Peter Gowan, writing in a sobber and technical way, clearly demonstrates the incredible amount of premeditation that the United States used to begin his fight for global economic domination, beginning with the Nixon instructed ending of the gold-dollar arrangment.The US sometimes is not aware that his politics, controlling the IMF, the World Bank and the World Trade Organization, is making their ruling class richier and richier, and the world poorer and poorer, and this situation will not stand for long. This is a great book. No wonder it has so few reviews here, since people are not interested in knowing what's going on in all the ruined economies around the world, mos of them ruined not only bytheir own incompetence, but also by the IMF rules, when the IMF is nothing more than a puppet to Washington...

An excellent book, I learned a great deal and enjoyed reading it several times. This book explains a great deal about what goes on behind the scenes, political maneuvering and financial engineering the US uses to gain more and more power in world affairs. It helped me understand several key areas of international investing and globalization, it was especially helpful in regards to the asian financial crisis. Unfortunately i do agree with one of the themes of the book, namely that the united states will most likely fail in its attempt to control the world via globalization. More unfortunately, I believe the failure and collapse of globalization will end in financial disaster in which hyper-inflation is a distinct possibillity as our fiat currency and derivative pyramid / stock market bubble comes crashing down. My only hope is that the day of reckoning is still several years from now (maybe 2007-2010).