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Boomerang: Travels in the New Third World by…
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Boomerang: Travels in the New Third World (edition 2011)

by Michael Lewis

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1,757709,773 (3.82)36
As Pogo once said, "We have met the enemy and he is us." In this book the author offers a scathing assessment of fiscal blunders in foreign lands, and details how economic repercussions are sure to be felt on American soil. Financial bubbles grew and burst, not only in the U.S. but in countries as diverse as Iceland, Germany, and Greece. Mixing humor with prescient insight, he depicts a precarious situation that demands attention. The tsunami of cheap credit that rolled across the planet between 2002 and 2008 was more than a simple financial phenomenon: it was temptation, offering entire societies the chance to reveal aspects of their characters they could not normally afford to indulge. Icelanders wanted to stop fishing and become investment bankers. The Greeks wanted to turn their country into a piñata stuffed with cash and allow as many citizens as possible to take a whack at it. The Germans wanted to be even more German; the Irish wanted to stop being Irish. This investigation of bubbles beyond our shores is so sadly hilarious that it leads the American reader to a comfortable complacency: oh, those foolish foreigners. But when he turns a merciless eye on California and Washington, D.C., we see that the narrative is a trap baited with humor, and we understand the reckoning that awaits the greatest and greediest of debtor nations. - Publisher.… (more)
Member:MarieAlt
Title:Boomerang: Travels in the New Third World
Authors:Michael Lewis
Info:W. W. Norton & Company (2011), Edition: 1, Hardcover, 224 pages
Collections:Your library
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Boomerang: Travels in the New Third World by Michael Lewis

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» See also 36 mentions

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Třetí ze tří Lewisů, třetí ze tří zklamání. Při četbě první knihy jsem měl očekávání hodně vysoko a bohužel nedošlo na jejich naplnění. Jako druhý jsem četl Lewisův klasický knižní debut a tak nějak jsem myslel, že když nic, alespoň ten bude vysvětlovat autorovu popularitu, jenže dopadlo tak nějak napůl. Bumerang jsem přečetl víceméně ze setrvačnosti, abych si udělal místo na nočním stolku, a nic většího než poklidně strávených pár hodin jsem od něj nečekal. Bohužel nesplnil ani to.

Bumerang prý vznikl z přebytků, které Lewisovi zbyly po napsání předchozí knihy. Jde tedy v podstatě o vydání "B-side" skladeb, které se nevešly na poslední velké album, jimž bylo Big Short. Tak jako "B-side" skladby by tedy i Bumerang měl být ponechán Lewisovým fanouškům, neboť těm možná nebude vadit, že autor není zrovna ve vrcholné formě. V případě Bumerangu je totiž faktický základ hodně skromný, větší část knihy Lewis glosuje a snaží se "dělat humor", který mi již potřetí v řadě nesedl.

Dozvíme se tedy, že Islanďané jsou přihlouplí šašci, kteří se svou neznalostí ztratili ve světě velkých financí, Řekové jsou lenoši, kteří by si nejraději žili za cizí peníze a Němci se rádi nimrají ve sračkách. V kapitole o Irech se nedozvíme celkem nic a celou kapitolu o Spojených státech lze shrnout do věty: dluh se stále více přesouvá z federální úrovně na úroveň měst. Naprostou většinu řecké kapitoly tvoří příběh "zločinných mnichů", který bohužel postrádá pointu, v Německu zase Lewis marně pátral po zápasu v bahně, aby oslím můstkem spojil německou zálibu ve špíně s jejích zvykem nakupovat (bez)cenné papíry, kterých by se nikdo jiný nedotkl. V Irsku Lewis s překvapením zjistil, že hoteliér, jenž se zadlužil ve snaze postavit hotel uprostřed nicoty, nemá zrovna náladu na povídání, a američtí hasiči se zabývají požáry, zatímco hasit potřebuje spíše rozpočet jejich města.

Bohužel, takhle fakt ne. Poslední Lewis na dlouhou dobu. ( )
  zajus | Jul 13, 2023 |
Oversimplified and dumbed down approach to a serious problem. I am a Michael Lewis fan, but this was a big step down from his other books I have read. ( )
  Michael_Lilly | Jan 10, 2023 |

Michael Lewis hits Iceland, Ireland, Greece, Germany, and finally the good old USA to put a face and story to our global financial crisis. I was hoping for some magical insight or answer to the mess. But ya know, the financial mess with financial institutions "too big to fail" is probably "too big to understand".

It's a mostly sad book. The author does have a talent for writing stories and getting people to open up to him.

The book ends oddly. No, it just vanishes without really any closure.

( )
  wellington299 | Feb 19, 2022 |
Another book about greed, short term thinking and the dumb thinks people do when they think they can get away with something with out risk, Greece, Iceland and our own economy and it is not over yet. like all Michael Lewis book I recommend it, but if your blood pressure is raised by greedy stupid acts be careful.
( )
  MMc009 | Jan 30, 2022 |
Entirely entertaining
Entirely anecdotal

Quick, informative read, about the crashes of 2008 and how they are still impacting us in 2011, though it is told entirely through one off stories, for someone who previously had no real knowledge about the situation (me), it was very informative.

Would read more books by Lewis.
( )
  royragsdale | Sep 22, 2021 |
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To Doug Stumpf, gifted editor and gentle soul, without whom it never would have occurred to me to tour the ruins
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This book began accidentally, while I was at work on another book, about Wall Street and the 2008 U.S. financial disaster.
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(Click to show. Warning: May contain spoilers.)
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As Pogo once said, "We have met the enemy and he is us." In this book the author offers a scathing assessment of fiscal blunders in foreign lands, and details how economic repercussions are sure to be felt on American soil. Financial bubbles grew and burst, not only in the U.S. but in countries as diverse as Iceland, Germany, and Greece. Mixing humor with prescient insight, he depicts a precarious situation that demands attention. The tsunami of cheap credit that rolled across the planet between 2002 and 2008 was more than a simple financial phenomenon: it was temptation, offering entire societies the chance to reveal aspects of their characters they could not normally afford to indulge. Icelanders wanted to stop fishing and become investment bankers. The Greeks wanted to turn their country into a piñata stuffed with cash and allow as many citizens as possible to take a whack at it. The Germans wanted to be even more German; the Irish wanted to stop being Irish. This investigation of bubbles beyond our shores is so sadly hilarious that it leads the American reader to a comfortable complacency: oh, those foolish foreigners. But when he turns a merciless eye on California and Washington, D.C., we see that the narrative is a trap baited with humor, and we understand the reckoning that awaits the greatest and greediest of debtor nations. - Publisher.

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