Profits of Doom by Antony Loewenstein

Reviewed by
November 2013, no. 356
Virginia Lloyd reviews 'Profits of Doom' by Antony Loewenstein

Profits of Doom

by Antony Loewenstein

Melbourne University Press, $32.99 pb, 285 pp, 9780522858822

Profits of Doom by Antony Loewenstein

Reviewed by
November 2013, no. 356

One of the literary legacies of the financial crisis is a type of travel writing focused on the local social, economic, and environmental effects of unfettered global capitalism. There are two types of such books. Michael Lewis is perhaps the best known and most widely read author of the first kind, in which the reporter becomes a kind of tour guide to the financial freak show. In Boomerang (2011), Lewis shows how greed overwhelmed both the lenders and the borrowers of cheap money in places like Iceland, Ireland, and the United States. Reading him is like watching the circus through binoculars. The spectacle is both vividly close and comfortably distant; we enjoy the show but feel no direct involvement in the unfolding action.

Virginia Lloyd reviews 'Profits of Doom' by Antony Loewenstein

Profits of Doom

by Antony Loewenstein

Melbourne University Press, $32.99 pb, 285 pp, 9780522858822

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