Bankruptcies & Bailouts

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.