Top critical review
4 people found this helpful
this is not up to jim rogers standard
on April 2, 2013
the author did not give me a deep inspiration by reading the book, some of ideas and opinions he offered did not convince me; maybe I have different ideas on future Asia, USA, capitalism etc.
what he praise Singapore, China, Burma are all dictatorship countries. The government is same or even worse shape to USA government, Monopoly business and resources, manipulate market, corrupted and bankrupted, governments also print a lot of money from thin air like US Federal reserve.
Currently, China Singapore Hongkong Taiwan (they are from Asia) are experiencing the biggest property bubble, manufacturing sector is in recessions, living cost is in high inflation. A lot of honest working class people are suffering, rich and powerful special interest class are maximum benefiting.
In term of capitalism, China government is going backwards from year of 2000- government implement on more central control, resource control,business control, ideas control, communication control, descendant of the high ranking calibers are inheriting their parent's wealth and power.
I could foresee when next financial crisis come, the Chinese government will bail out bankrupted giant state-owned enterprises, banks and local governments like Federal reserve bail out AIG, Goldman sachs, JP Morgan, citibank, etc.
Too big to fail, this rule is also applied to the China, Singapore, Hongkong government. Is this call free market, free capitalism? more democratic? more transparent?
Globalization, give the governments from various place around the world can learn from each other on how to make things worse.
A big systematic crash will happened in world-wide at not distant future, maybe.
Not so much logic words and stories from this book to give new ideas.