How the West Was Lost by Dambisa Moyo and Consumptionomics by Chandran Nair - review | ... - 0 views
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Moyo shows well how fundamental economic liberalisation espoused by what she calls the profligate, greedy, self-interested west has come back to bite it.She clearly despises western free market capitalism, whose economies, she says, are based on ruthlessness, self-interest, and an ability to exploit resources and people from other countries, but her fawning admiration for the state-sponsored Chinese version of capitalism wears thin.
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For all her brio and glamour, Moyo is a very orthodox thinker, unable to consider a world beyond free markets and underpriced resources and blind to the social effects of what she proposes and celebrates. GDP is her best measure of a country's success or failure; growth is her grail.
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Chandran Nair's book, Consumptionomics: Asia's Role in Reshaping Capitalism (Infinite Ideas, £19.99), is altogether more subtle. Unlike Moyo, he is not part of the elite discussion groups convened at Davos or the Aspen Institute.
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