David Gray's Reviews > Boomerang: Travels in the New Third World

Boomerang by Michael Lewis

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's review
Dec 05, 11

Read in December, 2011

I found this to be an easily readable look at how the current euro-economic mess happened. If you want to understand how Iceland could go bankrupt, or how Greece could be pulling donw the euro zone, this book is for you. Lost of anecdotes as Lewis visits these countries and looks for the quintessential example that tells the broad story.

The two weaknesses that jumped out at me were his attempt to define the German psyche as bifuracetd between the clarity and cleanliness of the rule based society and the scatalogical obsession of the citizenry (as evidenced in its language, among other places)... and then trying to tie this into their economic behaviour. While amusing perhaps, the reality that came through was really that the German's biggest fault was believing that other people respected the rules as much as they do. The second criticism is that the book ends rather abruptly, in California, showing us one man's effort to rebuild his fire department in the new reality where the municipality is outright broke.

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