Sellout
How Washington Gave Away America's Technological Soul, and One Man's Fight to Bring It Home
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- $24.99
Publisher Description
The story of one citizen's fight to preserve a US stake in the future of clean energy and the elements essential to high tech industries and national defense.
American technological prowess used to be unrivaled. But because of globalization, and with the blessing of the U.S. government, once proprietary materials, components and technologies are increasingly commercialized outside the U.S. Nowhere is this more dangerous than in China's monopoly of rare earth elements-materials that are essential for nearly all modern consumer goods, gadgets and weapons systems.
Jim Kennedy is a retired securities portfolio manager who bought a bankrupt mining operation. The mine was rich in rare earth elements, but he soon discovered that China owned the entire global supply and manufacturing chain. Worse, no one in the federal government cared. Dismayed by this discovery, Jim made a plan to restore America's rare earth industry. His plan also allowed technology companies to manufacture rare earth dependent technologies in the United States again and develop safe, clean nuclear energy. For years, Jim lobbied Congress, the Pentagon, the White House Office of Science and Technology, and traveled the globe to gain support. Exhausted, down hundreds of thousands of dollars, and with his wife at her wits' end, at the start of 2017, Jim sat on the edge of victory, held his breath and bet it all that his government would finally do the right thing.
Like Beth Macy's Factory Man, this is the story of one man's efforts to stem the dehumanizing tide of globalization and Washington's reckless inaction. Jim's is a fight we need to join.
PUBLISHERS WEEKLY
Time to reclaim America's technological base and military capabilities from the Chinese, argues this anguished saga of industrial decline. Journalist Bruce (Hostage Nation) profiles brash entrepreneur Jim Kennedy as he lobbies Washington to bolster U.S. production of "rare earth" metals that are critical to advanced weaponry; China has cornered the global market on them, leaving America's high-tech military vulnerable to embargo. Her admiring profile recounts Kennedy's battles with an abusive father, dyslexia, and congressional staffers and Pentagon bureaucrats who shrug off the threat, but skates unsatisfyingly past his murkier business wranglings. (Kennedy owns rare earth deposits in Missouri and has a financial stake in government preferments for domestic sources.) Still, the book adroitly examines crucial aspects of economic and national security; it's an homage to America's lost military-industrial complex, exploring abandoned mines and factories that once epitomized manufacturing prowess and revisiting breakthroughs at national laboratories from a post-war era of vigorous federal support for advanced technology. The author gives an interesting account of the "molten salt reactor," a revolutionary nuclear reactor pioneered at U.S. labs but then mothballed; it's now being developed by the Chinese government. Bruce makes an absorbing and timely plea for government leadership in reviving America's technological supremacy.