Why States only bailout banks not people?
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Why States only bailout banks not people?
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Why are social programs slashed while big banks get blank checks? In this episode, we dive into The Bailout State with author Martijn Konings to uncover the political economy behind financial bailouts and austerity. Konings reveals how government guarantees and monetary policy create a system that rewards asset holders and tightens the screws on working people. From the postwar welfare state to the 2008 crisis and the post-pandemic inflation panic, we explore how the state props up finance while leaving the rest behind.🔴🔴🔴Support Independent media to remain bold: https://patreon.com/IndiaGlobalLeftLink for donation: https://paypal.me/sankymudiar 🔴🔴🔴If you've ever wondered why the market always gets rescued—but you don't—this is the conversation you can't afford to miss.🔴🔴🔴Follow us on Substack: https://substack.com/@indiagloballeftTwitter: https://twitter.com/Indiagloballeft Instagram https://www.instagram.com/indiagloballeft/ Facebook: https://www.facebook.com/profile.php?id=61559411353392Spotify: https://open.spotify.com/show/69Y9iCWUv8ha3ATsPWtWk0?si=ee1f0de3de094f17Telegram: https://t.me/+WNlqoiv1Rhg5NjEx🔴🔴🔴