Was there really no alternative to bailing out the
banks? Is it right that we should now all have to suffer
such deep cuts in jobs and services to pay for it? From
the very beginning of the crisis, acclaimed science
documentary-maker and BBC presenter, David Malone,
believed dissenting opinions and debate had been closed
down. Not believing what he was being told he began to
question the official story. Passionate, angry, funny
and full of insight, The Debt Generation is both a
compelling account of the crisis as it happened and a
devastating critique of the financial system and of our
political leaders who bowed down to it. Pulling no
punches, and written with an engaging, direct clarity,
the book should be essential reading for all those
wanting a different understanding of the times in which
we are living. From the Debt Generation: 'It was said
that in the Great Depression that the market was
sacrificed to save the country. Today we risk
sacrificing the country to save the market.' 'It's their
version of the Titanic rescue. Bankers first, women and
children left to drown.' 'So go ahead, cut interest
rates.It's a bit like the pilot in a crashing plane
turning up the air conditioning. Feeling comfy? Oh
good.' 'The bubble and the reputation of the 'smartest
men in the room' were, in reality, a function of
leverage not brains. Given enough leverage a chimp can
make money, and many did.' |
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