I almost fell asleep reading DealBook’s extracts
from the Greenspan book proposal:
The book will ultimately conclude that the longer-term outlook for the global
economy and, for that matter the U.S. economy as well, will be significantly
affected by the future of China. And China’s future, in turn, will depend
to a large degree on the internal struggle within China between the liberal
technocrats, who seek a market-based China, and those whose primary concern
is political control.
Someone at Penguin, however, either hasn’t heard this stuff a million times
already, or else reckons that the Greenspan name is such a draw that the general
public will read his book regardless. Of course, there’s always a third possibility:
that they don’t really expect Greenspan to earn out his $9
million advance, but they’re paying that much anyway basically for bragging
rights.