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Critical to Fenby's thinking is his idea that the leadership in France is more and more inbred and separated from the people. The system allows for immense concentrations of power without effective checks and balances. The resulting lack of "tranparence" in fiscal and political matters should really be quite appalling to the French population.
Unlike the previous reviewer, I find a sense of malaise in many of my friends and acquaintances there and a special sense of unhappiness among the unemployed and underemployed, especially among the young.
I do see France as being "on the brink" in the sense that it has fundamental decisions to make about how it will govern itself (increasing accountability versus perpetuation of "une classe politique"), how it will manage its economic system (creation of real jobs versus quaint solutions such as the 35 hour work week), and how it will truly integrate the large number of people who are on the outside looking in.
I would recommend this book to people who are interested in some of the problems and promises of contemporary France.
It is in the political arena that Fenby is really in his element, and he has hardly a kind word for any of the men and women who have run France since de Gaulle, most of whom he seems to have met face-to-face as a reporter. In Fenby's portrait, payoffs, favoritism, cronyism, sexual intrigue and even violence seem to be business as usual among France's political class, most of whom seem to be interested more in status and luxurious living than in making the country a better place. Fenby's key point is that it is the politicians rather than their usual scapegoats -- immigrants, foreign influences, or the uniting of Europe -- who deserve most of the blame for pushing the country to "the brink"; yet Fenby is hopeful that France will survive and continue to be both a cultural beacon and a significant player in world affairs.
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Mr. Fenby writes the book as essentially a journalist's diary that spans the entire course of 1999 - the final year that Mr. Fenby was editor of the South China Morning Post, arguably the premiere English-language newspaper in Hong Kong. He details not only the key figures in Hong Kong politics and the economy - at a very personal level - but also how China deals with Hong Kong and how the events of 1999 (everything from Falun Gong to the Taliban) shaped China's responses.
I think Mr. Fenby sees 1999 as not only the year that China stopped observing Hong Kong and began acting, but also the year that many of the fundamental agreememnts laid down between China and Hong Kong got tested. He shows the slow erosion of judicial and political autonomy caused, not through outright repression, but by behind-the-scenes deal-making and a desire of the political powers-that-be in Hong Kong not to ruffle mainland feathers.
His book is eminently readable and in many parts reads more like a political thriller than a diary or a report. If there is one criticism with the book, it is that when Mr. Fenby loses his job at the South China Morning Post in July of 1999, his personal hurt comes out quite clearly in the course of the narrative and possibly influences his objectivity throughout the rest of the year. However, were it me, I think that I would be hard-pressed to maintain even Mr. Fenby's level of detachment.
All in all, the book is not only fascinating and illuminating, but it is also quite enjoyable. I found myself caught up in the power play between China and Hong Kong as if it were a first-rate novel. However, the book is not a novel, and it does contain some rather chilling messages for the future of Hong Kong. If you have any interest in China - or interest in China's relationship with the Western world - I recommend not missing this book.