The book reveals the human cost of buyer-driven supply chains and capitalism by examining the consequences of the relationship between Apple and its supplier Foxconn on Chinese workers.
Western retailers and merchandisers ship their production overseas, primarily to Asia. Hamilton and Kao trace the rise and fall of Taiwan as the main OEM destination for these retailers. Drawing on hundreds of interviews with Taiwanese businesspeople, they show how intermediate-demand driven supply chains structure production according to the logic of making money.
Blanchette sheds light on ideological battles waged within China since the death of Mao Zedong. He claims that China is undergoing a Maoist revival and analyzes individuals and groups that are behind it.
Milanovic divides capitalism into two administrative regimes – the liberal meritocratic and the political, one represented by the US, the other by China. He analyzes features and forces that generate inequalities within them and tries to address the question of where capitalism itself is headed.
Foroohar shows how financialization perpetuates Wall Street’s reign over Main Street, widens the gap between the rich and the poor and imperils our future.