LookingGlass by Glasshouse Forum No. 2/2009 (Summer 2009)
"Protectionism Will Not Help the West"
Low wages are not the secret behind China’s competitiveness, says James K. Galbraith. If the West keeps neglecting its educational system, it will loose the advantages it still has.
Glasshouse Forum interviews James K Galbraith, author of The Predator State - How Conservatives Abandoned the free Market and Why Liberals Should Too (2008). Galbraith is an economist who holds the Lloyd M. Bentsen Jr. Chair in Government/Business Relations and Professor of Government at the Lyndon B. Johnson School of Public Affairs, the University of Texas at Austin.