Conventional wisdom portrays globalization as competition among countries—America versus Mexico or China or Europe. But today the rich and powerful of every nation have more in common with each other than they do with their fellow citizens who must work for a living. What’s good for General Motors—or Microsoft, Exxon, or Wal-Mart—is no longer good for America. In Jeff Faux argues that the politics of the new world market is dominated by a virtual “Party of Davos,” the globe-trotting network of corporate investor and CEOs and the politicians and journalists who work on their behalf. Clinton and his treasury secretary, Robert Rubin, and Bush and his defense secretary, Donald Rumsfeld, may use different strategies, but they promote the same globalization agenda in which the benefits go to America’s corporate investors—and the costs are paid by ordinary Americans in outsourced jobs, military casualties, and an unsustainable foreign debt.