St. Martin's Griffin
In recent years, popular wisdom has held that opening American markets to Chinese goods was the best way to promote democracy in Beijing—that the Communist Party’s grip would quickly weaken as increasingly affluent Chinese citizens embraced American values.
That popular wisdom was wrong. As Eamonn Fingleton shows in this devastating book, instead of America changing China, China is changing America. Although this process of reverse convergence has been swept largely under the carpet by knee-jerk globalists in the American press, Americans will soon be hearing much more about it. Nowhere is the pattern more obvious than in business. Many top American corporations—Boeing, AT&T, the Detroit automobile companies, among them—openly collaborate with the Chinese Communist Party. In a stunning rejection of Western values, Yahoo! even provided the Chinese secret police with vital evidence that resulted in a ten-year jail sentence for one of its Chinese subscribers, a brave young dissident, under draconian censorship laws. Selling the American national interest short, countless other corporations abjectly do Beijing’s lobbying in Congress.
This book—the culmination of twenty years of study—also breaks new ground by revealing the secret behind China’s phenomenal savings rate. It is reinforced by an Orwellian system of political control that, as Fingleton reveals, utilizes an ancient bureaucratic tool called selective enforcement—a form of blackmail that instills a silent reign of terror throughout Chinese society. Most worryingly, selective enforcement can readily be unleashed on any American corporation with interests in China—which is to say just about every member of the Fortune 500.
Praise for In the Jaws of the Dragon
“America’s fate looks dicey in the showdown with the Chinese juggernaut, warns this vigorous jeremiad. . . . his economic analysis is incisive.”—Publishers Weekly
“One of the most powerful, shocking, well-written, solidly documented, tear-the-scales-from-your-eyes books I’ve read in more than two decades. . . . I couldn’t put this book down—at least 100 of its 310 pages are dog-eared and highlighted. It’s probably the most important book that's ever been written about the future of our republic.”—Thom Hartmann
“Eamonn Fingleton demonstrates once again why his analyses of modern capitalism deserve serious attention. He lays out the consequences of seeing China the way outsiders would like it to be, rather than the way it is.”—James Fallows, The Atlantic Monthly
“Eamonn Fingleton’s riveting and provocative book is required reading for anyone who cares about the U.S.-China relationship.”—Senator Byron L. Dorgan, author of the New York Times bestseller Take This Job and Ship It
America's Fate in the Coming Era of Chinese Dominance