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The Bailout State : Why Governments Rescue Banks, Not People

The Bailout State : Why Governments Rescue Banks, Not People

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In this thought-provoking analysis, renowned scholar Martijn Konings delves into the world of financialized capitalism, revealing a stark reality: governments consistently prioritize rescuing banks over people. With a focus on the global financial crisis and the COVID-19 pandemic, Konings examines the expansion of the Federal Reserve's balance sheet and the widening of the financial safety net. He argues that maintaining stability requires risk socialization, and that the bailout of banks is a fundamental aspect of this system. This timely and engaging book challenges readers to re-examine the conventional wisdom surrounding monetary policy and the role of governments in managing economic crises. By shedding light on the complex dynamics of financialized capitalism, Konings offers a compelling critique of the status quo and encourages readers to think critically about the consequences of these policies.
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Description
In this thought-provoking analysis, renowned scholar Martijn Konings delves into the world of financialized capitalism, revealing a stark reality: governments consistently prioritize rescuing banks over people. With a focus on the global financial crisis and the COVID-19 pandemic, Konings examines the expansion of the Federal Reserve's balance sheet and the widening of the financial safety net. He argues that maintaining stability requires risk socialization, and that the bailout of banks is a fundamental aspect of this system. This timely and engaging book challenges readers to re-examine the conventional wisdom surrounding monetary policy and the role of governments in managing economic crises. By shedding light on the complex dynamics of financialized capitalism, Konings offers a compelling critique of the status quo and encourages readers to think critically about the consequences of these policies.
Details
  • Product Type: BOOK
  • Barcode: 9781509564316
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