Jan 20, How the West Was Lost: Fifty Years of Economic Folly—and the Stark Choices Ahead. By Dambisa Moyo. Farrar, Straus and Giroux; pages. Amid the hype of China’s rise to global power, the most important story of our generation is being pushed aside: how the West’s rapidly growing population of the. 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.

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Aug 03, Jonathan Lu rated it really liked it. Dec 26, Alesa rated it it was amazing. I have no doubt about the author’s credentials at all but would be cauti I am not a tough grader of books because producing a sensible piece of work is very very difficult but found that the author here could have done better with her categories.

I surely hope that Dambisa Moyo is wrong, for our sake. The West society is running into the dead end. Any tax increase, particularly of the “rich people”, is bogged down in congress because of Republican majority and insistence of implementation of Obamcare and other welfare spending by the Democrats, there is no solution in sight to the reduction of Wezt budget deficit, thus the overall debt. These aren’t enormous problems with the book, the overall argument provided by Moyo is wesy quite strong, and very accurate.

However, I think the recommendations made for economic recovery might have been better adressed in a separate book to give them the level of importance that they deserve. Is it alarmist or accurate? Inevitably, in a short book of such a sweeping nature, there are many hostages to critics.

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Farrar, Straus and Giroux February 15, Language: The public has to take on the burden at the wesf if anything goes wrong. Then there’s mogo capitalism, like China or Singapore, where the state plays a very active role in the economy. Moyo 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.

How the West Was Lost | Dambisa Moyo

The combination of easy debt like mortgages and the mistaken belief that home equity would always rise led to the housing bubble and collapse of Mar 16, Jeremy rated it it was amazing. Wst does acknowledge that a welfare state can be well-designed and managed but neither elaborates on that or, to my dismay, advocates for it.


I thought it was incredibly well done, but I have to confess to it being a bit over my head. omyo

There are no discussion topics on this book yet. While it points to actions that Western Governments can eas, it doesn’t really point losf anything that individuals can do to protect themselves.

On the same path is the argument made without evidence that conflict around resources such as water will shortly be normal without evidence for it.

This is an excellent review of the myopic and corrupt management of macro-economic factors by western countries. What does all this look like if you overlay the moyl challenging environmental and socio-political challenges in our world? The divisive and dysfunctional politics of America may become increasingly reminiscent of Britain in the s. The consensus among western economists is that infrastructure offers only low returns and so substantial investment is not worthwhile.

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However, my main question – given that the whole premise of the book is that if we don’t look out and change everything about our economy and a lot about our society, China will takeover An interesting book. At times, it seemed all about America v. Learn more about Amazon Prime. Moyo answers the questions that is on everyone’s lips in America these days, is something wrong with our lot Citing Wikipedia as one of her historical sources w I really enjoyed this book but mainly because it backed up my own opinions of the disastrous economic direction we have going in the West for much of my dambisx.

She doesn’t emphasise enough how America’s decline has been caused by excessive military spending and apportions to I’m not quite sure what to make of hhow.

How the West Was Lost: Fifty Years of Economic Folly–and the Stark Choices Ahead by Dambisa Moyo

But at times the book seemed to descend into doomsday predictions hence, the titlecalls for a stronger centralized state, and lists upon lists of stats that I could pull off the Internet myself. Moyo stresses that this puts them at a huge competitive advantage, especially when they are able to steal technology from the West. She makes the point that the northern European states are functioning as better moyi than the badly managed welfare states of the U. I was pleased to see that her economic references were more scholarly.


His speech was met with enthusiastic applause. As for infrastructure, there is year neglect which can only be corrected by putting in 7 trillion new investments. Dec 30, Sophie added it Shelves: Many are skillfully made in China at fraction of cost and yet with acceptable quality. Alot of the predictions dambusa based on alot of “ifs”, if the US continues its trend on becoming a welfare state, if the US continues with its uow foreign policies, if China and the rest continue on allowing their people extra freedoms, if oil prices continue to rise or reserves run out, etc etc.

May 08, Nyawira Muraguri rated it liked it. First, although her discussion of how and why over-investment in real estate specifically homes has created a treadmill of ever-rising prices that regularly creates disastrous bubbles in the economy is very clear and persuasive, it still bothers me to hear her speak of homes, pensions, and healthcare as terrible ideas.

I would have given this book 5 stars except that it doesn’t explain very clearly how banks manage to get high loan-to-deposit ratios Elsewhere I have read that it is due to banks taking on additional non-deposit debt which they loan out, which becomes a problem if the assets used as collateral crash in value.

I dsmbisa no economist, so I was really enlightened by the numbers showing the economic state and history of the two nations.

Another fundamental one is that people in the West are living in unprecedented luxurious style thinking someone else will supply them endless goods.

Would you like to tell us about a lower price? Moyo did not come through for me in that. Get fast, free shipping with Amazon Prime. Our culture, our historic geographic isolation, our roots, all create scary challenges when it comes to competing with these huge countries.