Antony Loewenstein

One of the literary legacies of the financial crisis is a type of travel writing focused on the local social, economic, and environmental effects of unfettered global capitalism. There are two types of such books. Michael Lewis is perhaps the best known and most widely read author of the first kind, in which the reporter becomes a kind of tour guide to the financial freak show. In Boomerang (2011), Lewis shows how greed overwhelmed both the lenders and the borrowers of cheap money in places like Iceland, Ireland, and the United States. Reading him is like watching the circus through binoculars. The spectacle is both vividly close and comfortably distant; we enjoy the show but feel no direct involvement in the unfolding action.

One of the literary legacies of the financial crisis is a type of travel writing focused on the local social, economic, and environmental effects of unfettered global capitalism. There are two types of such books. Michael Lewis is perhaps the best known and most widely read author of the first kind ...

When I started reading My Israel Question, the Israel Defence Force Chief of Staff had just vowed to ‘turn back the clock in Lebanon by twenty years’; and the demolition was underway. Beirut’s airport, major roads, bridges, power generation facilities and other civilian infrastructure had been bombed, and villages and densely populated suburbs were being reduced to rubble. In a report some weeks later (August 23), Amnesty estimated that 1183 Lebanese had been killed, mostly civilian, about one-third of them children. The injured numbered 4054, and 970,000 people were displaced; 30,000 houses, 120 bridges, 94 roads, 25 fuel stations and 900 businesses were destroyed. Israel lost 118 soldiers and 41 civilians, and up to 300,000 people in northern Israel were driven into bomb shelters. Israel estimates that Hezbollah, the putative object of its wrath, lost about 500 fighters.