fix articles 396119, alexander sack Los Angeles Indymedia : tag : alexander sack

alexander sack

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.

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