CLEAN: Majority of Irish want to default on debts: poll

The video discusses the challenges faced by the government in managing national affairs and debt. It critiques the capitalist system for placing debt responsibility on bondholders and highlights the issue of bailing out banks instead of people. The involvement of the IMF is criticized as undemocratic, and the speaker argues for Ireland to default on its debt due to its unsustainable size. The economic impact of such a default is also considered.

What does the speaker suggest should happen to bondholders in a capitalist system?

• They should be protected at all costs.

• They should absorb the losses and move on.

• They should be bailed out by the government.

• They should receive government subsidies.

Why does the speaker believe turning the country over to the IMF is problematic?

• It will reduce the national debt.

• It is undemocratic and wrong.

• It is a financially sound decision.

• It is a democratic process.

What does the speaker suggest Ireland should do regarding its debt?

• Increase taxes to pay off the debt.

• Negotiate for lower interest rates.

• Default on the debt.

• Seek more international loans.

According to the speaker, what is the estimated interest burden per person in Ireland?

• €1,000 per year

• €3,000 per year

• €6,500 per year

• €10,000 per year

What is the speaker's view on the affordability of Ireland's debt?

• It is affordable with international aid.

• It is manageable with current policies.

• It is unaffordable and requires a reset.

• It can be paid off in a decade.