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In this vivid record and manifesto, a previous White House director of monetary policy under President George H. W. Bush exposes the monetary, political, and ethnical cracks that prosperous countries face and makes the situation for transforming those same vulnerabilities into resources of power - and the foundation of a countrywide renewal America and other developed countries, including Germany, Japan, France, and Great Britain are in needy straits. The loss of community, a contracting careers market, immigration worries, rising globalization, and poisonous partisanship - the negative price of unprecedented wealth - are moving these countries to the brink. Acclaimed author, economist, hedge account manager, and presidential consultant Todd G. Buchholz argues that with out a sense of common purpose and shared individuality, countries can collapse. The symptoms are everywhere: Reckless financial marketplaces encourage visitors to gamble with other people's money. A coddling educational culture eliminates the stigma of underachievement. Community traditions such as American Legion cookouts and patriotic parades are derided as corny or jingoistic. Newcomers are observed with suspicion and contempt. As Buchholz makes clear, the United States is not the first country to suffer these fissures. In The Price of Prosperity he examines the fates of past empires - those which have dropped as well as those extricated from near-collapse and the ruins of conflict because of the perspective and initiatives of strong leaders. He then recognizes what great leaders do to fight the causes that tear countries apart. Is the loss of empire inevitable? No. Can a community heart be restored in the U.S. and in European countries? The answer is a resounding yes. We cannot retrieve the careers of our own grandparents, but we can adopt uniquely American traditions, while building new foundations for expansion and change. Buchholz offers a roadmap to recovery, and calls for a revival of countrywide satisfaction and patriotism to help us get together once again to safeguard the nation and ensure our future.
