The Shadow Market

The Shadow Market: how a group of wealthy nations and powerful investors secretly dominate the world/Eric J. Weiner 304 pgs.

The author seems to think the news that wealthy organizations and governments are dominating the world is somehow news. This has been obvious to many for a long time. Now that I've made my slightly disparaging remark, let me continue by saying this book fascinated me with carefully researched examples and situations that seem to get at the crux of what it means that companies in the US are owned by foreigners and the state of business, investment and economy in the US and the world is changing. The changes don't look to hold a lot of improvement for our country but we have only helped them along and sold ourselves out. I particularly read with interest the chapter about Norway's Government Pension Fund that played a part in toppling Iceland's economy (really in was only a matter of time, Iceland was being really crazy). Norway isn't on a lot of our lists when it comes to economic power houses but they have brilliantly invested their oil revenues instead of spending every penny...I mean to say that they are brilliant BECAUSE they have invested, not so much that they have always made wise investments. Anyway, enough details. Weiner has done a great job with an interesting topic.

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