Apropos of nothing, I bought this book almost exactly four years ago, but I didn't really try reading it again until now. I don't think I'll do a blow-by-blow recap of it, but suffice to say that most of this book is written in an authoritative textbook style that captures the now-alternate-history retro-future world of 2006 from the POV of 2000. However, and I think it'll become more likely as the book goes on, it increasingly falls into the sensationalist, crypto-right-wing politics of techno thriller fare (in a boomer Tom Clancy military nut dad way, though the author is actually an ex-RAF vet).
For example, near the start of my reread, the author mentions that Germany's economy hits the high water mark in November 2002, before slipping into economic depression/recession. The cause of this is because during the '90s, improved workers rights and lavish benefits leads to corporations having to offshore. Three direct factors- the expense of developing East Germany post-reunification, unemployment in West Germany stemming from the aforementioned offshoring to the U.S. and Asia, and immigration- namely ethnic Turks and Kurds- leads to a devastated economy, then social turmoil as newly radicalized disaffected neo-Nazi youth clashing with new immigrants.
It's astounding, in retrospect that Pearson gets so many general issues right, while so many of the specifics wrong. But I'm not even sure if you can chalk it up to the vagaries of prophecy. He doesn't even get the cultural stereotypes right. Basically, this passage presumes that the Germany of the '90s were behaving like the French in giving their workers many holidays and short workweeks to do nothing, leading the traditionally industrious Germans to export jobs and manufacturing to other countries. (Which, of course, is diametrically opposite to how it's worked out in real life: German unions have traditionally worked hand in hand with management in many companies in a low-adversarial relationship, and Germany has continued to enjoy the strongest economy in the EU by being a manufacturing leader.)This then leads up to essentially a Greece-shaped crisis (austerity isn't mentioned, but presumably that's what would happen). And sure, economic breakdown leads to social breakdown and ethnic conflict with immigrants, but the book has the CDU (which is the "right-wing opposition" in this world) explicitly supporting xenophobia by saying Germany had "an overdose of immigrants". So yeah, contrast this to how it actually played out in reality- somehow this was sillier to me than the earlier parts about Algerians getting taken over by Islamists, France sending the Foreign Legion there and then getting kicked out humiliatingly, and Labour screwing the pooch on Northern Ireland leading to renewed violence.
I know this is a long digression from a twenty year old technothriller novel, but somehow this three pages entitled "Germany steps right" had a greater resonance to me than the actual military conflict stuff so far, probably because it's easier to relate to in OTL 2020 (and maybe even in OTL 2006?) than a post-Clinton Democratic president accidentally assassinating Saddam Hussein during a bombing raid on a secret bioweapons lab underneath an Iraqi nursery and then either Uday or Qusay becoming the next Iraqi president and opening up to the non-Anglo-American West. Let alone (what I assume will happen) the Muslim world uniting under a charismatic warlord named Saladin and declaring jihad against McWorld.
That said, I think this is worth reading because this is like the only published textbook-style AH besides Sobel's For Want of a Nail, and it's relatively contemporary, and sort of predicts a technothriller version of the War on Terror.