Activity

with a population that would have learned, over years of hegemonic re-education, to regard the distributional outcomes of free markets as fair, or at least as without alternative

the end of ‘Pumpkapitalismus’, with a not even roughly predictable loss of savings and income from savings, as well as a rise in unemployment and underemployment, as well as further cuts in public services following a new wave of budgetary consolidation

conception of the economy in polity and society

the outcome depends on the reaction of owners of investment capital: inflation that turns into galloping inflation may trigger fear of asset losses and lead to capital flight

The development of the leading country of modern capitalism, the United States, is paradigmatic