Part Two Of Two Parts
In just twenty-five years we have gone from the American century to the American crisis, Felix Rohatyn, the financier and social critic, tells David Halberstam. The remark sets the theme of this powerful work: the fateful challenge to American industrial supremacy. Five years in the making, THE RECKONING reveals a society that got too rich for its own good, racing through its postwar prosperity and developing wasteful habits. Finally in the mid-seventies it fell prey to the unlikeliest of rivals: Japan, a nation only recently scorned for the low quality of its goods. In this chastening, thoroughly readable study, David Halberstam portrays the conflict between the culture of affluence and the culture of adversity. THE RECKONING is a unique and high-minded reminder that Americas greatness is on the line every day, and that eternal vigilance is the continuing price of survival.
Its fair to say that this book helped get the U.S. back on the road to international competency and economic recovery. (B-O-T Editorial Review Board)
Award-winning author David Halberstams The Reckoning gives a riveting account of the most decisive economic confrontation of this century—between Detroits Ford Motor Company and Japans Nissan. Here are young Ford, renegade Iacocca, visionary Katayama—everyone needed to reveal the crucial nuances behind two nations competing for commercial supremacy.