See moreFor twenty years, Ireland's economic miracle was supposed to be the envy of the world. Low taxes, light regulation and an 'anything goes' attitude seemed to have created boundless prosperity. And then, as in Iceland, the glittering palaces vanished in the heat of the global financial meltdown. For years, those with economic power had been investing in a gigantic property bubble.
In Ship of Fools Fintan O'Toole tells the story of this dizzying rise and sickening fall. Ireland may have had a tiger economy, but those in charge of it had not lost their taste for sweetheart deals, back-handers and bribery. This is the essential analysis of Ireland's economic suicide.