Global development policies and broken social contracts.
In The Cost of Winning, Michael H. Cosgrove describes how the United States used economic policies to contain the Soviet Union during the post-World War II era and how those policies turned a vibrant American economy into one of broken promises and declining power. Cosgrove defines and examines the five economic building blocks used to contain the Soviets in America's Golden Age: the Marshall Plan, free trade, federal income tax policy, the American defense umbrella, and plentiful and cheap oil from the Middle East. He explains how policies supporting these building blocks allowed U.S. taxpayers to both contain the Soviets and enjoy a rapidly rising standard of living. America's economic superstate began to crumble, however, with President Nixon's August 1971 decision to abandon the gold quasi-standard and Saudi Arabia's 1973 decision to cut oil shipments to America. Lean years for the American economy set in.
"I Read The Cost Of Winning With Great Interest Because It Is Always Valuable To Read A Political Chronicle From The Other Side. Despite Our Political Differences, I ThoughtMichael R. Bloomberg, Co-founder Bloomberg, L.P.; Former New York City Mayor; 2020 Presidential Candidate Cosgrove's Arguments Had A Lot Of Validity. Disturbing As It May Be To Think That Our Society Is Headed For Inevitable Decline, The Cost Of Winning Is A Shrewd, Persuasive Account That American Society Is In For Some Troubling Times. Well Done."
Michael R. Bloomberg, Co-founder Bloomberg, L.P.; Former New York City Mayor; 2020 Presidential Candidate
"The Cost Of Winning Is An Important And Comprehensive Look At The Development Of The American Economy Over The Last Half Century. It Is Must Reading For Anyone Interested In Tracing The Broader Forces That Are Impacting The Economic Life Of Our Nation"
Ralph E. Reed Jr. - Executive Director, Christian Coalition