I’ve read a bit here and there on the current sad state of the U.S. economy. In fact, I’ve turned into a bit of business news junkie since the 2008 recession. I’ve also been forewarned about the prospects for that economy by End-of-Oil futurists who make no bones about the cliff we’re about to fall off of in the next couple of decades. But I can’t say I’ve read anything examining the subject in depth till now. And on reading Dambisa Moyo’s “How the West Was Lost”, I’m actually stunned at how much I didn’t know.
This isn’t really a review of the book. I just want to thank the author and strongly recommend the book to everyone who thinks the U.S. is going to come out of this faux-recession and be able to achieve anything higher than 2% growth in the next fifty years. The Dow, Nasdaq and S&P haven’t been oscillating between +2% and -2% day on day because investors are certain of the future.
Also, I have to say, Ms. Moyo’s work is old-school literate. She is smart, ridiculously well educated, has researched her work with scholarly thoroughness and is not willing to compromise her message or her language. This is not a pop culture business book. It’s the real deal. And I sincerely appreciate not being talked down to by someone who actually knows far more than most people. So, thank you! It was both an enlightening and a refreshing read!