Jeremy Warner
The Tiger & The Dragon
Capitalism 4.0: The Birth of a New Economy
By Anatole Kaletsky
Bloomsbury 397pp £20 order from our bookshop
Losing Control: The Emerging Threats to Western Prosperity
By Stephen D King
Yale University Press 279pp £20 order from our bookshop
On 15 September 2008, the US Treasury allowed one of Wall Street’s second tier investment banks, Lehman Brothers, to collapse. There followed a financial and economic crisis of a size and depth not seen since the Great Depression of the 1930s. But though widely portrayed as the world’s first ever truly global economic catastrophe, the crisis was in fact by no means universal.
Virtually all advanced economies have been left reeling; yet the developing world – particularly the fast-growing economies of China and of much of the Far East – seems barely to have been touched. The West’s humiliation has served to highlight, and apparently to accelerate, the increasingly self-confident upwards march of the East.
Countless books have already been published on these seismic events, yet few if any have succeeded in setting them in their proper historical context or have managed to reach convincing conclusions about their long-term
Sign Up to our newsletter
Receive free articles, highlights from the archive, news, details of prizes, and much more.@Lit_Review
Follow Literary Review on Twitter
'The trouble seems to be that we are not asked to read this author, reading being a thing of the past. We are asked to decode him.'
From the archive, Derek Mahon peruses the early short fiction of Thomas Pynchon.
https://literaryreview.co.uk/rock-n-roll-is-here-to-stay
'There are at least two dozen members of the House of Commons today whose names I cannot read without laughing because I know what poseurs and place-seekers they are.'
From the archive, Christopher Hitchens on the Oxford Union.
https://literaryreview.co.uk/mother-of-unions
Chuffed to be on the Curiosity Pill 2020 round-up for my @Lit_Review piece on swimming, which I cannot wait to get back to after 10+ months away https://literaryreview.co.uk/different-strokes https://twitter.com/RNGCrit/status/1351922254687383553