simulo reviewed The Unaccountability Machine by Dan Davies
Interesting, but a bit too much setup and too few payoff
3 stars
This book seems to be very popular at the moment, at least in some tech circles. It was very interesting and I learned a lot about finance driven capitalism. Academics discuss capitalism a lot, but I guess the mechanics and ideological changes since Marx remain often unexplored, unmentioned or just assumed to be known. At least, I was unfamiliar with how leveraged buyouts work and what motivates them ideologically. I would have liked to know more and thus a minor criticism of the book is that it did spend few time with such concepts (maybe the assumed audience is more familiar with leveraged buyouts and how bookkeeping works?); another flaw (at least aesthetically) is that the book covers many concepts that then do not wrap up in a satisfying way. It is a bit as if a movie would plants several arcs that then gets dissolved quickly. The author seems …
This book seems to be very popular at the moment, at least in some tech circles. It was very interesting and I learned a lot about finance driven capitalism. Academics discuss capitalism a lot, but I guess the mechanics and ideological changes since Marx remain often unexplored, unmentioned or just assumed to be known. At least, I was unfamiliar with how leveraged buyouts work and what motivates them ideologically. I would have liked to know more and thus a minor criticism of the book is that it did spend few time with such concepts (maybe the assumed audience is more familiar with leveraged buyouts and how bookkeeping works?); another flaw (at least aesthetically) is that the book covers many concepts that then do not wrap up in a satisfying way. It is a bit as if a movie would plants several arcs that then gets dissolved quickly. The author seems to be aware of it and writes something along the lines of wanting to write a thriller about the clash of cybernetic planning with neoliberal ideology but learning along the way that it needed far too much build-up to work well as such. Nevertheless, the book is enjoyable, I learned a lot of and it cites many interesting resources to learn more about what might have been covered too briefly.