Introduction: Shock waves
The old west: running from Japan
China and the global moment: Clinton's counterstroke
Our world: America's system in transition
Thinking in links: the logistics revolution
Assets backwards: outsourcing and the arbitrage firm
The great consolidation: of scope & scale
The virtual moment: the snap-together world
Warnings unheeded: risk vs. reward
Rent and rending: stretched to the limit?
Conclusion: our global commons: whose rules?