The World is Flat - Now What?

Midas Managers is the first book to answer this question.

Most Americans believe the national economy is in bad shape, and that they individually are not benefiting from globalization. Yet economists and Wall St. tell us that everything is great. How can these opposing views be reconciled?

The answer is found in the paradoxical nature of globalization: as the world economy becomes larger and more interconnected, many Americans feel totally disconnected. They are being flattened in this new flat world. Nowhere is this quiet desperation more pronounced than in the private business segment.

Today, large publicly held corporations are faring well because they buy and sell in global markets and have for years, but the same cannot be said for most private companies. They might buy globally, but they sell domestically. At best, America's privately owned businesses are getting only half the benefits of globalization.

"So what?" you might be asking yourself. Well, if our private companies aren't globally competitive, then they're in trouble. And if they're in trouble, we're all in trouble. Privately owned businesses generate more than 50 percent of America's gross domestic product and account for 80 percent of new jobs. On their own, U.S. private capital markets would rank as perhaps the world's largest economy. But we should be alarmed: Currently about 75% of owners of private businesses are not increasing the value of their firms. I'll say it again: If the private business sector fails, America fails.

So what's the answer? Fortunately we can copy the strategies and methods of those who have figured it out - Midas Managers!