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Books > Law > Laws of other jurisdictions & general law > Financial, taxation, commercial, industrial law > Financial law > Bankruptcy & insolvency law
A decade after the Global Financial Crisis and Great Recession,
developed economies continue to struggle under excessive household
debt. While exacerbating inequality and political unrest, this debt
- when combined with wage stagnation and a shrinking welfare state
- has played a key role in maintaining economic growth and allowing
households faced with rising costs of living to make ends meet. In
Bankruptcy: The Case for Relief in an Economy of Debt, Joseph
Spooner examines this economic model and finds it increasingly
unsustainable. In a call to action to reduce debt burden, he turns
to bankruptcy law, which is uniquely situated as a mechanism of
social insurance against the risks of a debt-dependent economy.
This book should be read by anyone interested in understanding the
problem of consumer debt and how best to address it.
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