Posts tagged with ‘privatizing of gains and the socializing of losses’

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How the Banks Broke the Social Compact, Promoting their Own Special Interests

by Facilitate Global

How the Banks Broke the Social Compact, Promoting their Own Special Interests Prof. Michael Hudson Banks Weren’t Meant to Be Like This.  What will their future be – and what is the government’s proper financial role? The inherently symbiotic relationship between banks and governments recently has been reversed. In medieval times, wealthy bankers lent to […]