Pumpkapitalismus
(de)
a term introduced by Ralf Dahrendorf; refers to when citizens consume rather than save, and thus most money is borrowed (or "pumped")
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
unknown
7 years, 7 months ago