Sinking of the MV Kanadeh

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Beschreibung des Verlags

This novella is a political satire of the West's current debt crisis. Intended to be entertaining as well as informative, it uses a cruise ship weaving through an ocean of debt as a metaphor for the way Canada and all developed countries are attempting to deal with the problem--essentially through spending cuts and the delusion they can grow themselves out of it with cheap credit. Neither approach will work.Low interest rates will not grow the economy out of debt (just ask the Japanese). Consumers have their backs against the debt wall. Household debt is at record levels, wages are in an ongoing slump, and they are continually being stoned with a barrage of rate hikes, user fees and hidden taxes. Not a recipe for growing the economy.The problem is not overspending by a pampered middle class, drunk on entitlement programs. It is over-indebtedness caused by reckless financial markets that create bubble and bust economies that end in recessions. The resultant debt mess is left for the taxpayers--who are bamboozled by the media and politicians into thinking they created it through overspending--to clean up with another round of budget cuts (or in the context of the ship metaphor, handed buckets and told to start bailing).

GENRE
Belletristik und Literatur
ERSCHIENEN
2012
11. August
SPRACHE
EN
Englisch
UMFANG
135
Seiten
VERLAG
Mike Taylor
GRÖSSE
323.8
 kB

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