Cancellation of Illegitmate Debts Instead of Bailout Umbrellas for Financiers (tags)
The inflation of public indebtedness was an essential element for the enhanced power of financial capital. That inflation was a result of a conscious under-financing of the state and is a lever to enforce an austerity policy. Financialization intensified the pressure to precariousness.
Welcome to Finance Market Capitalism (tags)
The financial market escapades must be the problem because capitalism itself cannot be the problem. The state bailout measure prepares the ground for inflationary developments.