Published October 27, 2009


Follow The Money


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Paperback version available from Gill & MacMillan
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The Pope’s Children are turning 30 and in the four years since David McWilliams introduced us to the generation that could have had it all, the Pope’s Children have been betrayed. This book is about real people and how good people can be broken by bad economics. But it doesn’t have to be like this. There is a way out.

We catch up with old friends, Breakfast Roll Man and Miss Pencil Skirt, and meet new characters like the Merchant of Ennis, Shylock and the Godfather. We have late night tea with Brian Lenihan and cross swords with Seanie Fitzpatrick. We learn why the average drug dealer on the side of the street has more in common with the banker than either would care to mention, as we follow the money o in both rackets o from its source at the very top right down to the ‘buy now, pay later’ deals at rock bottom. Why should we trust the people who got us into this mess in the first place? They were wrong then and they are wrong now. The politicians, bankers and developers think they can hand us the bill and walk away from the carnage. They want us follow a route that will make things worse for the ordinary man on the street while saving the bankers at the top of the tree, insisting that there is no other way. But there is an obvious alternative which has been adopted by every economy that has successfully emerged from this type of crisis. With the same sense of fun as The Pope’s Children, David McWilliams makes answering hard questions easy. In his typical breezy style, he suggests where to go from here. To be led up the garden path once in the past ten years is a tragedy; to be led up twice by the same people is unforgiveable. There is an alternative. Follow the Money is an optimistic and uplifting book about that alternative, which is well within our grasp if only we’d wake up and seize it.

Published Friday, 30th October 2009

 

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  1. [...] with myself at the end of the course. On top of that, each student will get a signed copy of Follow the Money and the Addicted to Money [...]

  2. [...] David McWilliams’ recent book, Follow The Money: The Tale of the Merchant of Ennis, we learn that Lenihan, a lawyer by training, received his first lessons in bankingArticle source: [...]

  3. johnnyfitz10@gmail.com

    On Mario’s money, chapter 7 so far. The single point of information/knowledge I am deriving from the book at this stage is the irrationality of consumers. “Assuming all buyers act rationally” is a fiction in economics it appears. Love, Marley etc. Niemand. The take home point for me therefore is, that, as you say, be an unorthodox person to get ahead. Buy in a recession and sell in a boom — the reverse happened in Ireland during the Tiger for many – noting “Trackerville”. I think David has dealt with the point in a way that I, for one, at the age of 26 with no debt, have headed the message. I hope to make it count at the appropriate moments. Thank you.

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