Boomerang: Travels in the New Third World
Description
In this incisive and darkly humorous investigation, Michael Lewis examines the global financial crisis through the lens of nations that were devastated by the tsunami of cheap credit between 2002 and 2008. From Iceland's transformation from fishing nation to investment banking hub, to Greece's reckless spending spree and Germany's economic rigidity, Lewis reveals how the flood of easy money exposed the character and contradictions of entire societies. With his signature wit and narrative brilliance, Lewis traces how different cultures responded to the same temptation—and then turns his merciless eye homeward to expose how America, the world's greatest debtor nation, fell into the same trap. The result is a sobering yet entertaining exploration of greed, national identity, and the reckoning that awaits those who refuse to learn from others' mistakes.
Available Editions
paperback
National Geographic Books
Published Sep 4, 2012
ISBN: 9780393343441
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Details
First Published
2011
Language
en
Content Warnings
No content warnings identified.