The "Goldilocks" period of high growth and high equality was an anomaly, not the rule.
Encouraging citizens to borrow (credit cards, mortgages) to maintain living standards as wages stagnate. 📉 From Tax State to Debt State wolfgang streeck buying time pdf
Governments funded primarily by citizens, leading to high democratic accountability. The "Goldilocks" period of high growth and high
Shifting the burden of state funding to future generations. wolfgang streeck buying time pdf
Printing money to meet social demands without raising taxes.
The "Goldilocks" period of high growth and high equality was an anomaly, not the rule.
Encouraging citizens to borrow (credit cards, mortgages) to maintain living standards as wages stagnate. 📉 From Tax State to Debt State
Governments funded primarily by citizens, leading to high democratic accountability.
Shifting the burden of state funding to future generations.
Printing money to meet social demands without raising taxes.
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