False Dawn: The Delusions of Global Capitalism

A powerful and prophetic challenge to globalization from a former partisan of the New Right. In a book that effectively predicted the collapse of the Asian markets, Gray argues that the attempt to impose the Anglo-American-style free market on the world will create a disaster on the scale of Soviet communism. Even America, the supposed flagship of the new civilization, is doomed to moral and social disintegration as it loses ground to other cultures that have never forgotten that the market works best when it is embedded in society. False Dawn is one of the most passionate polemics against the utopia of the free market since Carlyle and Marx. John Gray is well known as an important conservative political thinker, influence on Margaret Thatcher whose writings were relied upon by the rise of the New Right in Britain. But in False Dawn he drops a bombshell. Like Robert McNamara who shocked America by reversing himself to criticize the Vietnam War, John Gray has decided that the conservative agenda is no longer viable. Every investor and every American seeking to understand the ripple effect of the Asian collapse and what it means for our collective future must read this book. This edition includes a chapter on the events of the last year, including the economic turmoil in Russia and Asia, and the controversy sparked by its release in Britain.