A strange work of travel writing that might well have been entitled
International Investment and the Art of Motorcycle Maintenance.
Motorcycle enthusiasts and investors interested in predictions
about the world economy will enjoy this account by fast-track biker
and financier Rogers of his 20-month world odyssey in search of
financial enlightenment. In 1980, he retired from Wall Street, a
millionaire at the age of 37, intent on fulfilling his dream of
riding his motorcycle around the entire planet. After years of
battling with Communist bureaucrats in both China and the Soviet
Union, Rogers crossed China by motorcycle in 1988 and received
permission in 1989 to cross Siberia. With his girlfriend, he
finally set off in March 1990 for a world tour, commencing from
Ireland, traversing six continents, and finishing in Texas.
Rogers's focus is economic; where other writers might see culture,
scenery, or people, he sees labor, resources, and capital. Whether
in Japan, New Zealand, or Mexico, his theme is almost obsessively
the same: The enemy of efficiency and productivity is "statism"
(excessive regulation) in all its socialist, social democratic,
fascist, and Communist variants. Rogers is bullish about countries,
like those in South America, where he sees statism on the wane,
while he judges nations that impose currency controls and trade
restrictions to be bad investment risks. Lamenting what he sees as
the US's unsound currency, ballooning budget deficits, and
increasingly statist orientation, Rogers, more bearishly than many
will like, calls this country "an obvious short sale." Surprisingly
uninformative about the many countries Rogers visited, and his
tendency to view all societies solely through the prism of
libertarian/free-market ideology ultimately proves wearisome.
(Kirkus Reviews)
This book is about the authora s amazing trip across six continents
and the world economy and society. It discusses whoa s sinking and
whoa s swimming, which countries are on the rise and which are
collapsing, where you can make a million and where you could lose
one. Every place he stopped on the trip, Rogers talked to
businessmen, bankers, investors and regular people. He learned
reams of information that youa d never learn from reading the
financial pages of any periodical. Delivers a thrilling account of
the journey of a lifetime and provides tips that would enable you
to pay for a trip just like it.
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