Book Review: The Betrayal of American Prosperity by Clyde Prestowitz
The Huffington Post
September 13, 2010
The Betrayal of American Prosperity is the best book in its genre. Clyde Prestowitz masterfully and meticulously explained the reasons behind an ailing American economy.
The book opens with a theme - recurrent thereafter - that the American economy was in fact not as strong as many Americans believed it to be. Prestowitz captured this in page 139: "The American myth: American analysts often disparage Japan's lost Decade, so I bet you'll be surprised to learn that during the 1990s Japan's 1.4 percent GDP per capita growth rate was only slightly less than America's 1.6 percent."
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