Joseph Spooner
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									Joseph Spooner
							
			Bankruptcy: The Case for Relief in an Economy of Debt
			
			
				A decade after the Global Financial Crisis and Great Recession, developed economies continue to struggle under excessive household debt.
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									Joseph Spooner
									Joseph (London School of Economics and Political Science) Spooner
							
			Bankruptcy
			
			
				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.
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