Top positive review
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An excellent, very readable, indictment of moochers from welfare queens to corporate rent-seekers.
on June 21, 2015
Although this is a well written book, I almost quit reading about half-way through, when I wearied of reading about individual fee-loaders. That appears to have happened to many of those who have given this book negative reviews, accusing the author of having a hard heart, or even worse, being a conservative. . But I persevered into the second half of the book, where Sykes takes on the executive suite moochers, putting them where they belong--in the free-loaders club. With more moral blame, for they don't even have the excuse of need to justify their mooching. And when Sykes gets to the villainy of the post 2008 crash bail-out he quite rightly spares no one, including the Gucci-shod revolving door Treasury officials who showered the financial firms, notably Goldman, with taxpayer money to reward them for having brought about the crash, and the politicians, Democrat and Republican, who suborned these outrages..
How can a "reviewer" complain about Sykes being a one-dimensional right-winger when he offers this trenchant quote about Goldman's rescue via the bailout of AIG:
“One of the greatest mooches of all time was orchestrated behind closed doors, without transparency, by insiders who were more interested in scratching one another’s backs than protecting either the taxpayers or the integrity of the financial system they were supposedly saving.”
That sounds pretty harsh--albeit well-deserved--to me.
Overall I found myself agreeing with virtually everything in the book. Which is scarcely surprising given his philosophy. Ordinarily, I prefer books which challenge my philosophy, and demand that I think about the arguments from the other side. This is one of the few books compatible with my views that was so well written that I enjoyed the reading, and actually learned a bit from it.