It helps to have both a scorecard and an economics degree to follow some of the thornier arguments on debt structure and...
A Greek economist-turned-politician looks at the neoliberal forces arrayed against the developing world, from the central banks to the European Union.
“Greeks did splendidly when we lived austere lives, when we spent less than we earned, when we channeled [sic] our savings to the education of our children,” said incoming finance minister Varoufakis (Economics/Univ. of Athens; And the Weak Suffer What They Must?: Europe's Crisis and America's Economic Future, 2016, etc.) on the surprise victory of the leftist Syriza Party in the spring of 2015, in a time when it seemed that Greece was on the verge of leaving the EU. The sentiments were conservative—until, that is, the author went on to say that austerity is one thing, while “Ponzi austerity” is quite another, and that his government had no intention of giving the country’s oligarchs and wealthy tax evaders a free ride on the backs of the Greek people. Public austerity imposed by the World Bank and other outside institutions in order to prevent the Greek economy from failing, he argued, was destroying private parsimony, and off he went to Brussels and Berlin to argue a kind of neo-Keynesian case before the country’s key creditors. He received little sympathy from the likes of Merkel, Macron, and America, though privately, officials told him that the demands for austerity were unreasonable and doomed to fail. Indeed, although President Barack Obama had said “you cannot keep on squeezing countries that are in the midst of depression,” U.S. Treasury actively opposed Greek efforts to set their own house in order. The story is a tangled one full of many threads both political and economic—and even historical, since Varoufakis traces some contemporary domestic issues to the dawn of the Cold War and a Greece torn between East and West.
It helps to have both a scorecard and an economics degree to follow some of the thornier arguments on debt structure and liability management, but this is an eye-opening look at the recent economic crisis in the eurozone.Pub Date: Oct. 3, 2017
ISBN: 978-0-374-10100-8
Page Count: 560
Publisher: Farrar, Straus and Giroux
Review Posted Online: Aug. 20, 2017
Kirkus Reviews Issue: Sept. 1, 2017
BOOK REVIEW
BOOK REVIEW
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
The author's youthfulness helps to assure the inevitable comparison with the Anne Frank diary although over and above the...
Elie Wiesel spent his early years in a small Transylvanian town as one of four children.
He was the only one of the family to survive what Francois Maurois, in his introduction, calls the "human holocaust" of the persecution of the Jews, which began with the restrictions, the singularization of the yellow star, the enclosure within the ghetto, and went on to the mass deportations to the ovens of Auschwitz and Buchenwald. There are unforgettable and horrifying scenes here in this spare and sombre memoir of this experience of the hanging of a child, of his first farewell with his father who leaves him an inheritance of a knife and a spoon, and of his last goodbye at Buchenwald his father's corpse is already cold let alone the long months of survival under unconscionable conditions.
Pub Date: Jan. 16, 2006
ISBN: 0374500010
Page Count: 120
Publisher: Hill & Wang
Review Posted Online: Oct. 7, 2011
Kirkus Reviews Issue: Jan. 15, 2006
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