Freak Show

Freak Show

Profits of Doom

by Antony Loewenstein

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

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.

Read the rest of this article by purchasing a subscription to ABR Online, or subscribe to the print edition to receive access to ABR Online free of charge.

If you are a single issue subscriber you will need to upgrade your subscription to view back issues.

If you are already subscribed, click here to log in.

Published in November 2013 no. 356
Virginia Lloyd

Virginia Lloyd

Virginia Lloyd is a literary agent and the author of The Young Widow’s Book of Home Improvement (2008). Her essays have appeared in a range of publications in Australia and the United States, where she is based. See: www.virginialloyd.com

[Photograph by Daniel Seth Pagel]

By this contributor

Leave a comment

Please note that all comments must be approved by ABR and comply with our Terms & Conditions.

NB: If you are an ABR Online subscriber or contributor, you will need to login to ABR Online in order to post a comment. If you have forgotten your login details, or if you receive an error message when trying to submit your comment, please email your comment (and the name of the article to which it relates) to comments@australianbookreview.com.au. We will review your comment and, subject to approval, we will post it under your name.