Saturday, October 08, 2011

Boomerang By Michael Lewis

I just read the book Boomerang by Michael Lewis. It is an easy read which throws light on the mis-management of countries by their leaders encouraged by their people. It started off with how the people of Iceland bankrupted their country, goes on to talk about the bust in Ireland and Greece.

Interestingly, almost every bankrupt country in the world was led there by an American, more precisely a Wall Street bank, advisor.

It then suddenly hit closer to home and covered California and then the city of San Jose, where I live. A sobering book about the sorry state of affairs around the world. I came away thinking that the world is less affluent and less intelligent that we think it is.

Here is Michael Lewis talking about the moral breakdown in our society brought about by affluence. He also talks a bit about what might happen to Europe and the US in the near future.

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