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Wednesday, January 7, 2009

"Eat The Rich" by P. J. O'Rourke


Eat the Rich: A Treatise on Economics
Just finished reading this. A great book. He goes around the world trying to figure out why some places are successful and some aren't. Russia, Albania, Hong Kong are just a few of his stops. The book was written ten years ago, so some of the history is a little dated, but enlightening none-the-less. He gives you a man-on-the-ground perspective of what life is like in these places and tries to reconcile what he sees with what he knows about the government and published economic statistics. Sometimes his died-in-the-wool Republicanism shows through, but given what he's reporting, it's understandable. Laissez-faire economics works best, but you do need a certain amount of government. Tanzania is one example of an economic failure. To me it sounds fairly neglected, which may be the best an African country could hope for. However, over $20 billion has been pumped into this country, apparently without any result at all.

Update November 2017 let Blogger 'fix' the html, which lost the picture, which I replaced.

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