A defensive but astute, cerebral, and engrossing polemic that conveys knowledge and authority.
The former Greek finance minister argues that the lack of political will and democratic consensus in the euro crisis portends a drift toward authoritarianism.
Having served as finance minister in 2015 during the face-off with the Eurogroup on behalf of Greece—the weakest defaulting European Union member—Varoufakis (Economic Theory/Univ. of Athens; Europe after the Minotaur: Greece and the Future of the Global Economy, 2015, etc.) reaches back into not-so-distant economic history to make a convincing case that the EU is bungling the current debt crisis, especially in regards to the weakest links in the union. The original design for a viable worldwide financial system was hammered out at Bretton Woods by the Allies in July 1944, as D-Day was just getting underway—although, the author notes, the Nazis had first envisioned a European monetary union as early as 1938. The United States pledged to bolster European currencies, a shock-absorbing system already put in place in the U.S. The deal worked until 1971’s “Nixon Shock,” whereby Washington grew exasperated with the recalcitrant Europeans and jettisoned them from the dollar zone. Thus, the Europeans were set adrift to conjure their own Bretton Woods, culminating in the euro, yet without the shock absorbers, causing massive debt default in the crisis of 2008 and prodding “Europe to turn in on itself.” How could this have happened? With scathing humor, Varoufakis portrays the dramatic characters: the deficit-phobic Bundesbank; the exquisitely efficient, autocratic French administrators in Brussels; and the earnest Americans (especially Secretary of the Treasury Timothy Geithner), who warned against “teach[ing] the Greeks a lesson.” Indeed, the lesson posited by this well-read Greek academic is the necessity of respecting the demos lest the beleaguered people “come back to strike at the foundation” of the state. The appendix is an extract from “A Modest Proposal for Resolving the Eurozone Crisis,” which the author co-wrote with Stuart Holland and J.K. Galbraith.
A defensive but astute, cerebral, and engrossing polemic that conveys knowledge and authority.Pub Date: April 12, 2016
ISBN: 978-1-56858-504-8
Page Count: 368
Publisher: Nation Books
Review Posted Online: April 11, 2016
BOOK REVIEW
BOOK REVIEW
Dogged original research and superb narrative skills come together in this gripping account of pitiless evil.
Greed, depravity, and serial murder in 1920s Oklahoma.
During that time, enrolled members of the Osage Indian nation were among the wealthiest people per capita in the world. The rich oil fields beneath their reservation brought millions of dollars into the tribe annually, distributed to tribal members holding "headrights" that could not be bought or sold but only inherited. This vast wealth attracted the attention of unscrupulous whites who found ways to divert it to themselves by marrying Osage women or by having Osage declared legally incompetent so the whites could fleece them through the administration of their estates. For some, however, these deceptive tactics were not enough, and a plague of violent death—by shooting, poison, orchestrated automobile accident, and bombing—began to decimate the Osage in what they came to call the "Reign of Terror." Corrupt and incompetent law enforcement and judicial systems ensured that the perpetrators were never found or punished until the young J. Edgar Hoover saw cracking these cases as a means of burnishing the reputation of the newly professionalized FBI. Bestselling New Yorker staff writer Grann (The Devil and Sherlock Holmes: Tales of Murder, Madness, and Obsession, 2010, etc.) follows Special Agent Tom White and his assistants as they track the killers of one extended Osage family through a closed local culture of greed, bigotry, and lies in pursuit of protection for the survivors and justice for the dead. But he doesn't stop there; relying almost entirely on primary and unpublished sources, the author goes on to expose a web of conspiracy and corruption that extended far wider than even the FBI ever suspected. This page-turner surges forward with the pacing of a true-crime thriller, elevated by Grann's crisp and evocative prose and enhanced by dozens of period photographs.
Dogged original research and superb narrative skills come together in this gripping account of pitiless evil.Pub Date: April 18, 2017
ISBN: 978-0-385-53424-6
Page Count: 352
Publisher: Doubleday
Review Posted Online: Feb. 1, 2017
Kirkus Reviews Issue: Feb. 15, 2017
BOOK TO SCREEN
BOOK TO SCREEN
BOOK TO SCREEN
This moving, potent testament might have been titled “Black Lives Matter.” Or: “An American Tragedy.”
The powerful story of a father’s past and a son’s future.
Atlantic senior writer Coates (The Beautiful Struggle: A Father, Two Sons, and an Unlikely Road to Manhood, 2008) offers this eloquent memoir as a letter to his teenage son, bearing witness to his own experiences and conveying passionate hopes for his son’s life. “I am wounded,” he writes. “I am marked by old codes, which shielded me in one world and then chained me in the next.” Coates grew up in the tough neighborhood of West Baltimore, beaten into obedience by his father. “I was a capable boy, intelligent and well-liked,” he remembers, “but powerfully afraid.” His life changed dramatically at Howard University, where his father taught and from which several siblings graduated. Howard, he writes, “had always been one of the most critical gathering posts for black people.” He calls it The Mecca, and its faculty and his fellow students expanded his horizons, helping him to understand “that the black world was its own thing, more than a photo-negative of the people who believe they are white.” Coates refers repeatedly to whites’ insistence on their exclusive racial identity; he realizes now “that nothing so essentialist as race” divides people, but rather “the actual injury done by people intent on naming us, intent on believing that what they have named matters more than anything we could ever actually do.” After he married, the author’s world widened again in New York, and later in Paris, where he finally felt extricated from white America’s exploitative, consumerist dreams. He came to understand that “race” does not fully explain “the breach between the world and me,” yet race exerts a crucial force, and young blacks like his son are vulnerable and endangered by “majoritarian bandits.” Coates desperately wants his son to be able to live “apart from fear—even apart from me.”
This moving, potent testament might have been titled “Black Lives Matter.” Or: “An American Tragedy.”Pub Date: July 8, 2015
ISBN: 978-0-8129-9354-7
Page Count: 176
Publisher: Spiegel & Grau
Review Posted Online: May 5, 2015
Kirkus Reviews Issue: July 1, 2015
BOOK REVIEW
BOOK REVIEW
SEEN & HEARD
BOOK TO SCREEN
BOOK TO SCREEN
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