Financial Journalist Eric Weiner Will Discuss How The U.S. Is Losing Power in Global Economy on October 3
Acclaimed financial journalist Eric Weiner, author of The Shadow Market: How a Group of Wealthy Nations and Powerful Investors Secretly Dominate the World, is the October 3 guest on KAZI Book Review, 12:30 p.m. – 1 p.m. on KAZI 88.7 FM. Listen live online at kazifm.org.
In his book Weiner persuasively argues that foreign countries and private investors are increasingly controlling the global economy and secretly wresting power from the United States in ways that our government cannot reverse and about which the average American knows nothing.
He writes that the most potent force in global commerce today is not the Federal Reserve, not the international banks, not the governments of the G7 countries, and certainly not the European Union. Rather, it is the multi-trillion-dollar network of super-rich, secretive, and largely unregulated investment vehicles—foreign sovereign wealth funds, government-run corporations, private equity funds, and hedge funds—that are quietly buying up the world, piece by valuable piece.
Weiner has covered business and economics issues for fifteen years as a writer and editor. His critically acclaimed first book, WHAT GOES UP: The Uncensored History of Modern Wall Street as told by the Bankers, Brokers, CEOs, and Scoundrels Who Made It Happen, published in September 2005, was selected as one of the year’s best books by Barron’s magazine and one of the year’s “Most Enriching Reads” by Kiplinger’s. He is a former columnist and reporter for Dow Jones Newswires, and he has written for The Wall Street Journal, Los Angeles Times, The Boston Globe, The Village Voice, and countless other major publications.