Global Economic Boom & Bust Cycles: The Great Depression and Recovery of the 21st Century by Khafra K. Om-Ra-Seti is an essay on the economic crises and recoveries of recent years and the predictions of the author of where these circumstances will lead us in the near future, what must change and what has lead us to this situation.
The book predicts a “major global economic collapse” within the next few years that will lead into a period of difficulty that will eventually produce a renovation of the economy similar to previous boom-bust cycles in the past and argues its point very well following previous circumstances and comparing them to current ones, along with other data to support the author’s ideas, including the end of the era of oil dependency and a great economic overhaul as a result of following growth dependent on a non-sustainable resource, physical or otherwise.
The specific idea of a “green revolution” is mentioned frequently, and Om-Ra-Seti is keen to promote – if not state the necessity and inevitability of – the idea of sustainable changes in both the economy and in all related factors. Recent developments such as the dawn of the Information Age are taken into account and predictions made for both the United States and foreign, therefore global, economies are made in this book, which the author notes is “not a thesis on remedies and reforms, but is more of a lengthy narrative seeking to uncover the enormity and realities of the downward bust cycle.”
The book explores several distinct eras to expand on points made and to compare and explain to our current economic situation and does so in detail across a global scale.The author, who describes the publication as “an extraordinary journey for [them], one that extends over a period of 25 years”, is a multidisciplinary writer and researcher who makes use of numerous fields of data in their points and a vast array of knowledge including modern history, information technology and stocks, and this has been condensed into a single publication that makes an economic overview of the past century easily digestible. Even a passing knowledge of economics will grant you access to this book, despite a lack of formal introduction to many phrases such as the “European Sovereign Debt Crisis” and “Meltdown of ’08”.
Thankfully the book includes a glossary with a suitable level of detail for anyone not suitably informed and serves as a suitable introduction to the topic for anyone with even only a passing interest in the subject, but it should be definitely only sought by anyone who certainly has an interest to begin with if not some intimate knowledge of the subject before the read as these are the people who will be gaining the most from a read.
The book is written with a slight twist of romance with its descriptions and theories that give the considerably thick book a slick and easy feeling when reading it, pushing a lot of information into each page without it feeling difficult to consume or to work through, but not in a way that undermines the empirical data and arguments supplied.
Overall the book may not be a gateway into the subject if you have no interest or knowledge to begin with but from passing interest to expert there is an interesting read to be had here, one which is not in any way strictly a thesis or some sort of textbook, but a running narrative with the very subtle tint of second-hand interest and enjoyment that one can take away from any work by someone with genuine passion in a subject, like a David Attenborough documentary in how readily you can become open to the facts and the ideas of the creator from its presentation.