I focus on fiction, sci-fi, fantasy, science, history, politics and read a lot. I try to review everything I read.
This is an excellently supported book that goes into extraordinary detail of the US economy from the period leading up to the great depression to the present. This is not a quick or easy listen. The author may be an expert in economics but he is not an expert writer. The book is very long and filled with annoying mixed metaphors (that are sometimes so bad they are funny), cliches repeated ad nauseam, and jumps wildly between temporally distant causes and effects and from one subject to another. Thus I can’t say this was a pleasure of a listen. Nevertheless the author makes quite a few really excellent points. The author shows extreme political independence casting blame and praise regardless of party. The book is also quite a downer, filled with doom and gloom with almost no way out. This book is filled with facts and statistics that are key to understanding our economic past and future. I did not agree with everything the author proposes (the gold standard), but I was surprised by how much I found quite convincing. Clearly this tomb is not for everyone. This is more than a bit dry and detailed oriented, yet I found it a very rational alternative view of modern economics,
Although another reviewer points out, correctly, that the author's biases come across from start to finish, nevertheless this volume was quite interesting and informative, and well worth the time. Responsible, educated Americans are exposed to a constant barrage of statistics from all points of the political compass. This book is one attempt at encouraging a questioning of the underpinnings of any statistical factoids. For example, everyone has heard the statistic that women make only 75 cents for every dollar men make. I think most reasonable people suspect sexual prejudice is part of this difference, but also suspect there may be more to it than just prejudice. Sowell points out weaknesses of this factoid - including an analysis of subgroups of women and men that are most similar (adult, never married, no children) - in this subgroup women make substantially more than men. Although I do not agree with many of the author's political beliefs - I think anyone who wants to understand the danger of statistical factoids should take a listen (but keep a good supply of grains of salt handy).
I am a documentary film producer from Los Angeles.
The book that every politician and head of state should read. It should also be required reading for the third world countries dictators that bring their people to misery and poverty.
This book is the story of how the west came across this magic formula that brought wealth, freedoms and human rights even to the most disadvantaged members of our society.
The logic and arguments is irrefutable. The author’s genius is not in really uncovering new historical facts, but putting together a long sequence of causes and effects that seem to answer the million dollar question: How to run a society? (Or why the western model has prevailed)
The book is full of concepts, filled with answers that I looked for, for a very long time. I wonder if anyone else tried such comprehensive explanation of the success of modern capitalism.