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Anonymous

thomas_hermansen

Member Since 2010

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  • Hoodwinked: An Economic Hit Man Reveals Why the World Financial Markets Imploded

    • UNABRIDGED (7 hrs and 18 mins)
    • By John Perkins
    • Narrated By David Ackroyd
    • Whispersync for Voice-ready
    Overall
    (93)
    Performance
    (43)
    Story
    (43)

    John Perkins has seen the signs of today's economic meltdown before. The subprime mortgage fiascos, the banking industry collapse, the rising tide of unemployment, the shuttering of small businesses are all too familiar symptoms of a far greater disease. In his former life as an economic hit man, he was on the front lines both as an observer and a perpetrator of events, once confined only to the third world, that have now sent the United States spiraling toward disaster.

    BruceK says: "Concise world view by very problematic author"
    "I have been hoodwinked into buying this book."
    Overall

    This book is a strange attack and demonization of American business, with some great logical fallacies.
    Bill Gates is demonized and it is stated that his technology and the way his kind of business has done nothing but increase the distance between rich and poor. He is proclaimed a ruthless billionaire and representing a world view that cannot solve the problems of our time. This shows extreme lack of knowledge of what Bill Gates has done with his fortune.

    The author considers the Gilded Age of American economy as the darkest chapters of American history, and characters like Andrew Carnegie is presented as evil barons which stole their wealth from the people. Anyone who has read his biography or "Gospel of Wealth" sees how the author has lack of knowledge of Carnegie.

    He then states that China's type of Capitalism is better since it is directed from above and has produced great growth in China for the past decades. Yet the problem with West is that there is too little political direction from the people.

    What he describes is China???s version of the Gilded Age. What was wrong for the US 150 years ago is suddenly very right for China today. No other country produces billionaires in the same tempo as China. American billionaires are evil, while Chinese ones seem to be OK.
    He then attributes the economic meltdown to Westerners buying useless trinkets, but is this not the reason why China has benefited the last decades? If the West had not done this, then China would not have grown their production capacity and he would not have been able to use China as the solution; A complete logical fallacy.

    His way of describing historic events is extremely simplistic and based on popular myths. I had just read ???The Persian Night??? by Amir Taheri prior to listening to this book, and that really contrasts this author???s simplistic view of global politics.

    Simplistic politics and simplistic economics, used to create our present western system as modern day boogieman.

    11 of 27 people found this review helpful

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