As individuals become poorer through the shrinkage of their salaries and the removal of social provision, neoliberalism offers them compensation through debt and by the promotion of shareholding.
the so-called 'Laffer curve', evoked by free-market advocates as a reason against excessive taxation
I first encountered this in an earlier book but I guess I didn't add it to Bookmarker. he defines it later on, and goes into what's wrong with the theory (i.e., proceeds of taxation creating conditions appropriate for business, plus taxation money itself being spent on private business)
dispensing with the non-Russian republics would have been to destroy much of the party nomenklatura
since meeting these financial dictates/expectations is the condition of maintaining the constitutional order, they have priority over the constitution (and eo ipso state sovereignty)
Hans Tietmeyer, then government of the Deutsches Bundesbank, who praised national governments for preferring 'the permanent plebiscite of global markets' to the 'plebiscite of the ballot box'
