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This edition: The Betrayal of American Prosperity: Free Market Delusions, America's Decline, and How We Must Compete in the Post-Dollar Era

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Episode Details

Original tape date: June 2, 2010.

The U.S. is rapidly losing the basis of its wealth and power, as well as its freedom of action and independence, says Prestowitz. If we do not make dramatic changes quickly, we will confront a painful, permanent slide in our standard of living.

Clyde Prestowitz is founder and president of the Economic Strategy Institute, a Washington-based think-tank which focuses on international trade policy.