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Merry-Go-Round Broke Down: A Novel of Guilt, Greed & Globalization

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A novel of nine linked parables about globalization, ambition, hope, love, and greed spanning two decades and eight countries.

Fall 2008. The Waldorf Astoria New York. Two armed men storm the hotel’s famed bar and hold the occupants that include an American corporate raider, a Chinese tycoon, a British hedge fund manager, a Japanese housewife-turned-celebrity, a Mexican undocumented worker, a Wall Street bond salesman, and a Norwegian environmentalist.

Who are these terrorists? What do they want? And what ties them to their captives?

Merry-Go-Round Broke Down is a genre-breaking novel that explores globalization’s “butterfly effect”: how choices made in one corner of the world ignited an unstoppable chain of consequences that upended lives across continents.

288 pages, Hardcover

Published March 31, 2026

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About the author

David Woo

1 book73 followers
David Woo is a renowned global macro strategist, widely recognized for his bold and prescient calls on some of the biggest economic, political, and geopolitical stories over the past quarter century. Bloomberg called him “one of the most outspoken voices on Wall Street,” while Business Insider named him among “the twelve smartest people on Wall Street.” His views have shaped debates across markets, policy circles, and the global media.

David began his career at the International Monetary Fund before going on to hold senior positions at Bank of America, Barclays Capital, and Citigroup. He earned a PhD in economics from Columbia University and a bachelor of arts in mathematics from Tufts University.

A true product of globalization, David was born in Pittsburgh, raised in Taiwan, and educated in the United States. His career has taken him from Washington DC to London and New York. He is fluent in English, Chinese, and French.

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5 stars
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25 (21%)
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Displaying 1 - 27 of 27 reviews
13 reviews
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May 9, 2026
A vivid, sprawling, and ambitious debut
This novel is a wild ride. The narrative structure, which feels almost like a series of interconnected parables, works perfectly to tell a story of global proportions. It covers two decades of history in a way that feels intimate and personal. The authors have a gift for dialogue and atmosphere. I really enjoyed the global scope! It felt like a trip around the world from my couch!
Profile Image for Janine.
2,471 reviews26 followers
June 25, 2026
Contemporary fiction that reads like a propulsive thriller! Tackling the topic of the “butterfly effect” of globalization through nine linked “parables,” the book entertains while it educates the reader on how the financial world works.

The book starts and finishes with a hostage takeover at a globalization conference in New York. Each of the hostages has a story to tell of their part in the 2000s boom and bust era that crossed borders and affected ordinary lives. The parables are a series of handoffs. It starts with a Chinese factory needing a miracle for an American company to shift manufacturing to their plant. It then crosses to America where an American plant will close down because those jobs will go to China. The handoffs continue down to a Norwegian fishing village buying mortgages. Each parable is a separate story - all showing the real world people live in. There are the greedy people who are in for the money and there are the simple people from a Japanese woman trying not to be subservient and forging her own financial independence or the illegal immigrant being taken by scam or to a woman fighting to keep the Amazon safe. Regardless of where the person fits, everyone is a part of globalization.

This is a fascinating way to tell an important story. We are all bound together in the search for profit. Some are more rapacious than others - and the authors get that through in clear, simple language without having to use adjectives to get the message across that these characters are not the nice guys. Tomoko Watanabe’s story is perhaps the best in my opinion. Her reasons for profit are not so much greed as to get her family out of its financial crisis due to her husband losing his pension. And then there is the stunning irony of the ending - you have to read this book to find out what I mean; you will not be disappointed.

My thanks to BookBrowse and the publisher, Regalo Press for granting me access to this marvelous book. Highly recommend.
Profile Image for Crystal Reads.
1,245 reviews64 followers
August 1, 2026
This book was unlike anything I've read before, and I'm so glad I stepped outside my comfort zone to pick it up. One of my reading goals this year has been to explore genres and stories that are different from what I normally gravitate toward, and this one was absolutely worth it.

This isn't a book you rush through. It's the kind of story that has you pausing every few chapters just to process everything you've read. I will admit it took me a little while to keep all of the characters straight, and at first it felt like a game of figuring out who was who. But once everything clicked into place, I became completely invested in both the characters and their journeys.

The authors did a remarkable job weaving together multiple storylines, perspectives, time periods, and countries into one beautifully crafted narrative. Despite its complexity, the transitions felt seamless, and each thread added another layer to the larger story. I found myself constantly looking for connections between the characters, piecing together how their lives intersected and wondering how everything would ultimately come together. It made for an engaging and thought-provoking experience.
160 reviews8 followers
June 28, 2026
Two gunmen storm a hotel bar and seize several people as hostages. Sounds like a potential instance of the Stockholm Syndrome ready to be played out. It is, however, the beginning of a much more complicated story. The butterfly effect, a factor in chaos theory, may be a more accurate description of the story created by two very talented and creative thinkers and writers. But that simple description is getting far ahead of the actual story. The novel is actually several stories of individual and very personal activity with only the most seemingly tenuous of connections. But the separate individuals really are connected in a major way: the positive and negative outcomes of economic globalization. The stories are, however, much more than globalization as they touch on the hopes, dreams, desires, and ambitions of these very individuals. The first story is about the manager of a small industrial plant in rural China. The plant is in serious financial jeopardy. Its closure will harm the very livelihoods of the small populated community it is located in. Then follows the story of the American industrial genius who sets out to strengthen this Chinese plant by closing and relocating a similar American industrial plant to that Chinese location. The remaining stories add real complications to this first seemingly simple challenge of global industrial competition. The two authors are a married couple presently living in Israel. David Woo is an economist with a PhD degree from Columbia University. He has been an investment strategist and has been described as significantly influential in market, public policy, and global investment activities. Woo calls himself “a true product of globalization” having lived in the United States and Taiwan and with fluency in several languages. Shinar is an architect with degrees in art history and architecture. She has edited books on Israel and is also fluent in several languages. The novel begins in New York City, travels to China, the United States, Japan, England, Norway, Brazil, Cuba, and back to the United States with all the characters converging on the New York City hotel. It is tempting to act as a spoiler and give too much away. But that would deny the reader the opportunity to figure out in advance how all the intrigue will actually play out. At the book’s conclusion, the reader likely will marvel at how accurate the application of the idea of the butterfly effect really is to the novel. Some of the individual stories may resonate more with the reader than others. But the total effect of the intertwining nature of the individual stories is a truly intriguing matter. This was a novel that was hard to put down at any time. Highly recommended for the reader interested in global finance and economics. But also highly recommended for the reader who wants to see how a creative mystery plays out as we read.
Profile Image for Book Reviewer.
915 reviews81 followers
Review of advance copy received from Author
March 9, 2026
Merry-Go-Round Broke Down, by authors David Woo and Margalit Shinar, is a multi-voice social thriller that uses one high-stakes frame, a hostage crisis in a Manhattan hotel bar in September 2008, to pull you through nine character stories that span continents and years. Each chapter drops into a different life, from a Chinese factory-town power broker facing the “sell or shut down” pressures of reform to an immigrant caught in the machinery of subprime mortgages, to a Wall Street salesman selling risky bonds with a straight face. The stories braid back toward that locked door in New York, where the gunmen fight to be seen and heard, even as the world looks away.

What struck me first is how the authors keep the book readable without sanding off the sharp edges. They don't hide the ugliness. People say cruel things. They rationalize. They grab what they can. And yet the prose often stays concrete and physical, like the polished bull-and-bear centerpiece glinting under a chandelier right before everything goes sideways. I also liked the structure: each chapter feels like a self-contained novella with its own weather, its own pace, its own moral pressure. That gives the book momentum, and it also makes the argument feel earned.

The authorial choice that worked best for me is the refusal to make globalization an abstract villain. It shows up as a chain of handoffs. A mortgage gets “sold onward to some other idiot,” and a person’s life gets dragged with it. A town council in Norway weighs shiny civic dreams against risk, while a salesman performs confidence like it's oxygen. Even the more cinematic moments land because they come with character texture, like Tomoko snapping from fear into action on a bus, doing something messy and brave and human. The didactic impulse sometimes peeks through, especially when a character’s inner monologue turns into a tidy thesis. But most of the time, the book earns its big ideas by putting them inside real choices, with real consequences.

Merry-Go-Round Broke Down is a contemporary fiction novel with the propulsion of a financial thriller. It’s fiction, but it wants to explain the world while it entertains you. I’d recommend it most to readers who like big-canvas, idea-driven novels and don’t mind sitting with moral discomfort, especially people interested in how the 2000s boom-and-bust era rippled across borders and into ordinary lives. If you want a story that makes you look up from the page and think, “Wait, is this how it really works?,” then it delivers.
5 reviews1 follower
June 18, 2026
I almost didn't pick this up. "A novel about globalization" sounds like assigned reading, not something you stay up past midnight to finish. I was wrong.

Merry-Go-Round Broke Down opens with a hostage situation at the Waldorf Astoria in the fall of 2008, and from that single crackling premise, authors David Woo and Margalit Shinar fan out across two decades and eight countries to show you exactly how everyone in that room ended up there. The setup is almost theatrical: an American corporate raider, a Chinese tycoon, a British hedge fund manager, a Japanese housewife who somehow became a celebrity, a Mexican undocumented worker, a Wall Street bond salesman, and a Norwegian environmentalist. They look like strangers. They are not.

What the authors do brilliantly is follow the butterfly effect of each character's choices. A decision made in Tokyo ripples into a boardroom in New York. A risk taken in Mexico City changes a life in Oslo. The book doesn't just tell you this as a thesis, it makes you feel it, chapter by chapter, as the threads pull tighter and the coincidences stop feeling like coincidences.
The character I kept thinking about most was the Japanese housewife. Her arc was the most unexpected for me, and honestly the most emotionally loaded. She starts from a place of such quiet constraint, and what she becomes, and what it costs her, is the kind of thing fiction does better than any economics textbook ever could.

If you've ever felt confused by how the world seems to lurch from one financial crisis to the next, or why decisions made by people you've never heard of in countries you've never visited somehow end up affecting your life, this book is going to feel like an answer. A messy, human, gripping answer.
Nine linked parables. One world that's more connected than any of us chose to be. Read it.
1,443 reviews13 followers
June 21, 2026
Rating: 3.5

Authors David Woo and Margalit Shinar examine and illustate the "butterfly effect" active in global economics and politics through a series of interconnected parables. The story begins with an violent invasion of a bar in the basement of the Waldorf Astoria Hotel during a global conference. Most customers escape, but 7 hostages remain. As it turns out, and apparently unbeknownst to at least most of them their lives are interconnected by a series of small economic and /or political events, beginning with the sale of a Chinese factory to an American industrialist looking to off-shore production. The stories are clever and realistically connected, but I wish the writing had been a less "See Spot run" -- it was so bare-bones it felt pitched to a very uninformed audience. I felt like I was being talked down to. If the book's purpose was is to illustrate the reality of global interconnection it is, however, successful.
Profile Image for Joan.
4,517 reviews135 followers
August 1, 2026
This novel defies being put in a category. One might say it contains linked short stories or character vignettes. The stories take place all over the world and highlight changing global economics, especially when capitalism is encountered. The experiences are life changing and reveal how money problems are handled in different cultures. There is much about changes in business styles, such as how factories are affected by opportunities opening up in new countries. We read how market futures are changed by news of wars or cease fires and how events in oil producing countries can be catastrophic or produce wealthy people. Each story revolves around one character who is then somehow connected to the character in the next story.

This is an interesting collection of vignettes revealing how people and financial conditions are connected around the world.

I received a complimentary egalley of this book through Partners in Crime Book Tours. My comments are an independent review.
Profile Image for Ashley Samuel.
8 reviews
June 18, 2026
This book surprised me in the best way. What begins as a dramatic hostage situation evolves into a fascinating exploration of how interconnected our world has become. The authors skillfully weave together multiple stories from different countries, showing how decisions made by one person can have unexpected consequences for others thousands of miles away.

I enjoyed how the novel tackled big themes like globalization, ambition, greed, and responsibility without ever feeling preachy. The characters felt authentic, and their journeys kept me invested from beginning to end. It's the kind of book that entertains while also giving you plenty to think about afterward.

A unique and rewarding read for anyone who enjoys fiction with depth and global perspective.
4 reviews
June 18, 2026
I was immediately hooked by the opening hostage scenario and the mystery surrounding the people trapped inside the Waldorf Astoria. As the story unfolded, I realized this was much more than a suspense novel. It's a cleverly structured narrative that connects lives across continents and decades.

The way the authors reveal the links between characters is both satisfying and thought-provoking. Every chapter seemed to add another piece to a larger puzzle, making it difficult to put the book down. The themes of globalization and unintended consequences are handled with intelligence and nuance.

A creative and ambitious novel that rewards patient readers with a compelling payoff.
Profile Image for G.P. Gottlieb.
Author 5 books79 followers
July 23, 2026
Merry-Go-Round Broke Down is a fast-paced read about how globalization and greed caused immense heartache for many while creating a few extremely wealthy people around the globe. Written as nine stories connected and framed by a fictional 2008 hostage crisis at the Waldorf Astoria in New York City, the novel by David Woo and Margalit Shinar tells the stories of nine people affected by the global economy and how their actions have profound effects on others. It’s not my usual fare, because it’s probably going to be made into a movie, but I’ll never forget the million-dollar bottle of wine. #summerread #extremewealth #partnersincrime
Profile Image for Mateo Michaels.
25 reviews1 follower
May 7, 2026
The 2008 crash like you’ve never read it before! I’ve read plenty of fiction centered around the 2008 financial crisis, but this book stands out because it focuses on the human cost rather than just the numbers on a screen. The way the authors capture the "butterfly effect" is incredibly sharp. It’s a rare book that manages to be both an intellectual exploration of globalization and a page turning drama.
19 reviews
May 7, 2026
What an ambitious scope! I loved how the narrative jumped across eight different countries to show how interconnected we all are. It feels like the authors did an incredible amount of research to make each setting feel authentic. The characters—especially the Chinese tycoon and the Norwegian environmentalist—felt like real people you might sit next to on a plane, yet they were caught in this impossible, life-altering web. Truly unique storytelling.
12 reviews
May 7, 2026
I couldn't put this down
This was my weekend read and I sacrificed a lot of sleep to finish it. The pacing is relentless. Just when you think you understand what the terrorists at the Waldorf Astoria are trying to achieve, the authors pull the rug out from under you with another perspective. It’s a complex, puzzle-box of a novel that rewards you for paying attention. If you like character-driven dramas with high stakes, buy this.
16 reviews
May 8, 2026
Thrilling, relevant, and haunting. The opening scene at the Waldorf Astoria had me hooked instantly. Two armed men storming the bar—it felt like a classic highstakes thriller, but as the story unfolded I realized it was so much more than that. The authors masterfully balance the tension of the hostage situation with the deeper, darker themes of global finance and individual ambition. I finished it in two sittings. You won’t look at the nightly news the same way again.
Profile Image for Cameron Trepp.
12 reviews
May 9, 2026
The best book choice for our reading group this year

I picked this for my book club because the premise sounded so unique, and boy, did we have a lot to talk about. We spent two hours just dissecting the morality of the characters. The themes of greed, ambition, and guilt are woven so tightly into the plot that it’s impossible to ignore. David Woo and Margalit Shinar have written a book that practically demands a discussion…a fantastic, gripping read.
27 reviews1 follower
May 9, 2026
It’s not often you find a book that challenges your worldview while also keeping your heart rate up…this book is a rare find. It captures the frantic energy of a world spiraling out of control. The connection between the corporate raider and the other captives creates such a powder keg of tension. It’s a sad, cynical, yet strangely hopeful book. I’ll be recommending this to everyone.
10 reviews
May 9, 2026
A masterpiece of Interconnected lives


I usually shy away from books that try to juggle too many perspectives, but Woo and Shinar have accomplished something truly special here. The structure of the nine linked parables kept me completely engaged. It’s not just a thriller; it’s a profound look at how our choices ripple across oceans. A brilliant, thought provoking read!
Profile Image for DT Thomas.
10 reviews
May 10, 2026
I cared about every single person trapped in that hotel. That’s the true strength of this novel. Even the characters I initially disliked, I eventually understood. Woo and Shinar do a great job of showing how globalization forces us into roles we might not want to play. It’s an empathetic look at greed and how it destroys…and connects us all. Beautifully written!
3 reviews
June 24, 2026
I liked the concept, but the book was incredibly irritating--flat stock characters, wooden dialogue, and sometimes ludicrous plot-points. While it's important to chart how individual decisions lead to collective disaster on a global scale, this book wasn't interesting enough to make the points stick.
3 reviews
May 6, 2026
Sad... but true?

One life after another, all affected by the globalization of the world's economy, some winners, some lovers, but all telling the same story. Tragic end. Disturbing but insightful commentary on global economics.
8 reviews
May 11, 2026
a must read for anyone who loves global thrillers
If you like stories that explore the dark underbelly of the modern world this is for you. The tension at the Waldorf Astoria is just the surface! It’s a dense, satisfying, and smart novel. Definitely one of the best books I’ve read all year.
2 reviews
May 11, 2026
User friendly
I thought it might little dry, but I ended up really enjoying it. The writing style is easy to follow and the examples feel real. I didn’t feel lost at any point, which is rare with this type of topic will be applying it to the team.
Profile Image for Becky.
267 reviews3 followers
June 30, 2026
I devoured this one ! Very relevant to the world today with everyday hero’s and bad guys… loved the writing style and the format of moving from one characters story to the next in each chapter . Great debut novel!
23 reviews
June 28, 2026
I read this book based on a recommendation from someone I track on Wall Street. The book may become a movie…let’s hope the movie is better than the book.
7 reviews
June 20, 2026
Just finished the book and WOW, what an amazing read! Storyline is fantastic and the character development is awesome. While it's fiction, it feels SO real world. I definitely hope the two authors write more books!
2 reviews
June 20, 2026
Merry-Go-Round Broke Down is an exceptional novel that combines suspense, human emotion, and global insight into a truly unforgettable reading experience. David Woo and Margalit Shinar have created a powerful story that explores how people from different backgrounds and countries become connected through the forces of globalization. The characters are richly developed, the storytelling is engaging, and the themes are both timely and thought-provoking. I was captivated from beginning to end by the way the authors wove together multiple storylines into one compelling narrative. This book is intelligent, entertaining, and deeply relevant to today's world. Highly recommended for readers who enjoy meaningful fiction with depth, heart, and a global perspective.
Displaying 1 - 27 of 27 reviews