a column by Jeffrey Chwieroth and Andrew Walter for VOX: CEPR’s Policy Portal
The accumulation of mass financialised wealth has transformed the politics of banking crises.
This column shows that the rising wealth of the middle classes has generated great expectations that their wealth will be protected by the government. As a result, democracies perform more financial sector bailouts and are also more financially fragile and politically unstable.
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Showing posts with label great_expectations. Show all posts
Showing posts with label great_expectations. Show all posts
Thursday, 6 June 2019
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