Wednesday, April 1, 2015

Boomerang: Travels in the New Third World by Michael Lewis

Boomerang: Travels in the New Third WorldBoomerang: Travels in the New Third World by Michael Lewis
My rating: 4 of 5 stars

This book is a collection of 5 essays Michael Lewis wrote after the financial meltdown in 2007-2008. Each essay is a comic look at the disaster of the financial crisis in each of 5 countries: Iceland, Greece, Ireland, Germany, and America (specifically at a state and local level in California).

It's very interesting as an examination of how many people in the financial marketplace had no idea what they were doing, and it's also pretty entertaining and humorous. On the other hand, it's unnecessarily racist against the peoples it examines, with the exception of Americans who somewhat get a pass because supposedly the American culture and abundance itself exceeds what the human mind is designed to cope with. That presentation of huge groups of people, their motivations, and their histories undermines Lewis's expertise of financial players and events.

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