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Why Everyone Owes Everyone and No One Can Pay

Why everyone owes everyone and no one can pay. In 2000, the total GDP of Earth was $36 trillion. Today that growth has gone into decline. This book travels with a cast of characters - including reckless bankers, snoozing regulators, credit-drunk spendthrifts, and more to understand what is happening and why we feel the way we do.

Why everyone owes everyone and no one can pay. In 2000, the total GDP of Earth was $36 trillion. At the start of 2007 it was $70 trillion. Today that growth has gone suddenly and sharply into decline. John Lanchester travels with a cast of characters - including reckless bankers, snoozing regulators, complacent politicians, predatory lenders, credit-drunk spendthrifts, and innocent bystanders to understand deeply and genuinely what is happening and why we feel the way we do. This recording is unabridged. Typically abridged audiobooks are not more than 60 per cent of the author's work and as low as 30 per cent with characters and plotlines removed.