Thursday, April 17, 2008

Something for your nightmares

Kevin Phillips, author of American Theocracy has a new book on the poor state of the American economy. Bad Money is subtitled Reckless Finance, Failed Politics, and the Global Crisis of American Capitalism. Give a listen to his recent interview on Diane Rehm.

The complaint in the book is a systemic one, rather than one targeted at President Bush. Like Michael Scheuer's critique of the American foreign policy establishment, this book appears to be a critique of all of American economic policy for the last few decades. This makes it all the more frightening, as it will more than the departure of Bush to save us.


Nonanon said...

Can't wait to read this one--thanks for the review. Have you ever read "The Soul of Capitalism" by William Greider? Kind of the same idea but somehow manages to give you hope and ideas for positive change rather than the desire to lay down and give up (which is what a lot of these political/economic books have been making me want to do lately).

Tripp said...

Nope I haven't Nonanon, but I will give it a look. My next book in economic critique genre is likely to be One Market Under God, by the What's the Matter with Kansas guy.

Nonanon said...

Oh, Tripp, One Market Under God is FANTASTIC. Depressing as hell but fantastic. Way better than "What's the Matter with Kansas," even. Can't wait to see your review of that one.