Bankruptcies and Bailouts

Paperback
Taking a closer look at the industrialized world, this revealing study claims that Canada is in the midst of an economic crisis of global proportions--and that Nobel Prize-winning economists failed to see it coming. This accessible survey tackles the roots of this monetary disaster with a collection of in-depth essays, showing how the global capitalist economy--dependent on hyper-extended credit, fueled by systematic deregulation, and rooted in the contradictions of a mad drive for unlimited profitability--must inevitably end up in such a predicament. From recession to depression and market adjustment to billion-dollar stimulus plans, this reference also proves that there are ways out of this economic conundrum that do not involve saving those responsible.