How the West Was Lost: Fifty Years of Economic Folly--and

How the West Was Lost: Fifty Years of Economic Folly--and the Stark Choices Ahead In How the West Was Lost, the New York Times bestselling author Dambisa Moyo offers a bold account of the decline of the West s economic supremacy She examines how the West s flawed financial decisions have resulted in an economic and geopolitical seesaw that is now poised to tip in favor of the emerging world, especially ChinaAmid the hype of China s



10 thoughts on “How the West Was Lost: Fifty Years of Economic Folly--and the Stark Choices Ahead

  1. says:

    Reading this book was a little like having a dinner party and listening to a know it all who can tell you a million reasons why the world is going to shit in a hand basket and, worse, a million different remedies Many of those remedies are so drastic that a few of the guests choke on their steak when they are mentioned Others sound so ou


  2. says:

    What a great summary of the prevailing issues that America s economy is facing and how it got there This isthan a academic book, it touches on real life facts and problems with education, war, debt, and housing to name a few You will learn a lot from this book and it is all supported by referenced material It helped me to understand a century


  3. says:

    My old economics professor s favorite phrase There is no free lunch It has been quite a while since I have read a book on economics, so I was particularly drawn to this one It would be interesting to see an update as it has been a few years since its research and publication I probably liked the book, because the author shares my own view, that on


  4. says:

    A must read for any socially aware citizenMoyo presents a clear picture of how the west, USA specifically, lost their economic superiority to the emerging rest through systematically implementing myopic economic policies over the last three decades.From the tech boom in Asia of the early 80 s to the 21st century housing bubble bursting in the 2008 econ


  5. says:

    This book started strong Moyo s description of the West s mis allocation of labor and capital were awesome and eye opening But at times the book seemed to descend into doomsday predictions hence, the title , calls for a stronger centralized state, and lists upon lists of stats that I could pull off the Internet myself That said, her concerns about America s


  6. says:

    Great explanations about the financial crisis and the US construction policies Explains how allocation of capital is either beneficial on the long term or not In addtion, it explains the general differences between the econo political systems in China, USA, Russia, Europe and the rest of the world A bit black white with China and the general evaluations of the f


  7. says:

    This review has been hidden because it contains spoilers To view it, click here It was a bit of jarring ride reading this book, it flipped a lot of the half formed notions I had about the world and helped me understand a bitabout the global economy Firstly when she pointed out the weaknesses of the Western Bloc and how they ve shifted significantly from their farecon


  8. says:

    How the West Was Lost, Fifty Years of Economic Folly And the Stark Choices Ahead Dambisa Moyo once an idea is out it can be used and improved upon by anyone, anywhere, an idea has a marginal cost of zero This quote is referring to the spinoffs from the magnificent technology that enabled the Apollo moon landing in July 1969 I was a vagabond watching it on a storefront TV


  9. says:

    When I picked up this book, I did not check when it was written I feel like the book was largely influenced by the 2008 economic collapse There is also the fact that the West is essentially the US of A while the Rest is China Maybe the author intentionally used the two as examples to illustrate her point, but she does not explicitly say so I am no economist, so I was really en


  10. says:

    Starts out pretty good, with some interesting insight into economic history Then goes completely off the rails, displaying absurd misunderstandings of basic concepts like comparative advantage and the effects of protectionism, concluding with solutions that a clearheaded look into the history from the first part of the book show to be the exact opposite of correct The last 50 or so


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