Reveals how the Federal Reserve under Paul Volcker engineered changes in America's economy.

The global economy is the leitmotif of the end of the twentieth century. Driven by the logic of modern capitalism, the global economy, a product of the Third Industrial Revolution, is a wondrous free-running system that is reordering the world as it transforms the lives and economic prospects of workers, corporations and nations. Having traveled the globe and talked to factory workers, corporate CEOs, economists and government officials, Greider contends...

The author shows that the military has not adapted to the end of the Cold War and that it "has come to resemble a starving man whose body has begun to feed upon itself."--Jacket.