It is currently 19 May 2013 20:54

All times are UTC + 10 hours [ DST ]




Post new topic Reply to topic  [ 1 post ] 
Author Message
 Post subject: Payback, by Margaret Atwood
PostPosted: 10 Feb 2011 21:06 
Forum contributor
Forum contributor
Offline

Joined: 18 Mar 2010 13:52
Posts: 249
-Payback: Debt and the Shadow Side of Wealth, 2008, by Margaret Atwood

This book about debt and credit is packed with historical and literary refereces, such as references to Shylock and Ebeneezer Scrooge, which may entertain some, but was somewhat of a disappointment to me. In addition to an examination of how personal debts are acquired and paid back, Atwood discusses national debts and taxation to some extent.

Points relevant to the world sitiuation today include, on page 136:
Nevertehless, you can float a hefty tax scheme on the back of a righteous-sounding and energizing war... Scare them with the thought that they themselves may be looted and pillaged... and they'll fork over with remarkable docility.

On page 144 she says:
So it's still a case of debtor and creditor joined at the hip.
...America and China at the present moment...adding simply, as Machiavelli said, it's a terrible policy for a leader to plunge his country severely into debt. It results in a loss of power and influence --often the very things that the leader waged the expensive war to gain.
.

The book goes on for another 60 pages, but again it mostly literary references to Dickens, Marlowe, and others.


Top
 Profile  
 
Display posts from previous:  Sort by  
Post new topic Reply to topic  [ 1 post ] 

All times are UTC + 10 hours [ DST ]


Who is online

Users browsing this forum: No registered users and 2 guests


You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum
You cannot post attachments in this forum

Search for:
Jump to:  
cron
Powered by phpBB © 2000, 2002, 2005, 2007 phpBB Group
Based on Maroon Fusion theme created by Oxydo, modified by Simone Walsh