Friday, December 9, 2011

Book Review: Boomerang:Travels in the New Third World

Michael Lewis's Boomerang: Travels in the New Third World (another copy available here) is a collection of elegant, wickedly insightful essays about the just-burst debt bubble and different countries' attempt to come to terms with what just happened - and, more ominously, - what is ABOUT to happen.

In the aftermath of the initial financial meltdown of 2007-8, Lewis visits several European countries and the United States and writes about national character turned loose "in the dark" with unlimited free money.

The best chapters are the Greek and Irish ones - masterpieces of cynicism, theft and tragedy.

Highly recommended for giving a flavor of the madness of our times. The abandoning of common sense, the incompetence and complacency and corruption in high places, and the cultural acceptance of what is basically debt peonage. Future generations will read this book and shudder.

It's important to read these things so you can rise above your present surroundings and make critical judgements.

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