This is a stirring polemic by Lou Dobbs, an unlikely crusader against free trade. As a television anchor, business journalist and publisher of an investment newsletter, Dobbs has credentials that might lead you to expect him to cheer for unimpeded capitalism. But Dobbs delivers, instead, an indictment of free trade replete with charges of "corporate greed." At times, his book reads like just another rant by just another economically naïve protester railing against the machinery of capitalism. But Dobbs ultimately delivers more than slogans. He backs his indictments with evidence. He shows, for example, how the U.S. tax code’s treatment of transfer pricing encourages outsourcing of jobs. In a tour de force of communication, Dobbs manages to make such arcane facts of financial life interesting and accessible to the average reader. getAbstract.com highly recommends his book to those affected by, or participating in, outsourcing.
In this summary, you will learn
- The arguments against outsourcing; and
- Why lifelong commentator Lou Dobbs thinks it is bad for the United States.
About the Author
Lou Dobbs is the anchor and managing editor of CNN’s Lou Dobbs Tonight. He is a columnist for Money magazine and a contributing editor to U.S. News and World Report. He publishes The Lou Dobbs Money Letter.