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The Wealthy Banker's Wife

Synopsis & Book Critique of Linda McQuaig's "The Wealthy Banker's Wife".

Synopsis of the author's main argument and rationale:

Linda McQuaig in her piece focused on our welfare state performance and status, The Wealthy Banker's Wife, discusses the current status of our social transfer systems, their efficiency and the fear of their dissolution by various government actions.

The argument is kicked off with the criticism of the usual comparison of our social economy with the US's and how irrelevant that should be. McQuaig describes her own personal experience witnessing American social failures, and illustrates data highlighting the level of inadequacy the US welfare system has reached.

She describes how the US has turned away from an egalitarian approach to free market standards where social welfare and various social benefits are targeted strictly towards the poor. She argues this not only makes the actual systems weaker and weaker over time since the poor don't have much leverage defending themselves, but also weaken the total economical structure of the country as a whole over time.

In response to allegations that a strong welfare state is a burden on the economy and weakens the general output, the author pro


From a different angle, when discussing education, it would be the biggest shame for Canada to join in with the US at such a low standard of a public school system where the dropout rate is steadily increasing, and in-class frustration is leading to increased criminal activity.



Some common words found in the essay are:
Europe Scandinavian, Child Welfare, European Scandinavian, Brain Drain, Canada Institutions, Reader's Critique, Banker's Wife, Cyprus Egypt, America NAFTA, Canada I've, tax system, gender equality, author stresses, welfare system, quality human capital, education medicare, social transfer, standard living, slowly surely, transfer systems, child benefits, universal public daycare, social transfer systems, welfare education medicare, universal daycare program,
Approximate Word count = 2592
Approximate Pages = 10 (250 words per page double spaced)


  

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