Ship of Fools: How Stupidity and Corruption Sank the Celtic Tiger

by Fintan O'Toole

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![CDATA[ The death of the Celtic tiger is not an extinction event to trouble naturalists. There was, in fact nothing natural about this tiger, if it ever really existed. The "Irish Economic miracle" was built on good old-fashioned subsidies (from the European Union) and the simple fact that until the 1980s Ireland was by the standards of the developed world so economically backward that the only way was up. And as it began to catch up to European and American averages, the Irish economy show more could boast some seemingly remarkable statistics. These lured in investors, the Irish deregulated and all show less

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4 reviews
A savage, jaw dropping indictment of the way so many in Ireland were complicit in the mass property scam and how its roots run deep in Irish political traditions. Less sound economically however, it is amazing that an account of this period and these events gets half way through before the euro is mentioned.
Obvious to most, the Celtic Tiger was being proped up by hopeful thinking and wistful dreams. This is a look at some of the major footsteps taken to bring Ireland to the brink of ruin and how really the only change has been to the players, not to the game. It's both a depressing and a hopeful book, hopeful that this won't continue but I fear it will.
½

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34+ Works 1,696 Members

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Ireland

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Genres
Economics, Nonfiction, Business, General Nonfiction, History, Politics and Government
DDC/MDS
330.94170824Society, government, & cultureEconomicsJobs & CareersEconomic geography and historyEuropeBritish Isles -- Scotland, IrelandConnaught
LCC
HC260.5 .O86Social sciencesEconomic history and conditionsEconomic history and conditionsBy region or country
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156
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209,414
Reviews
3
Rating
½ (3.52)
Languages
English
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Paper, Audiobook, Ebook
ISBNs
7
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6