Owning class to government to working class

1. Make lots of money with exotic financial instruments and risky loans. Big private profits, huge private debt.

2. When this eventually comes tumbling down, get your government to bail you out. The debt is now public, profits remain private.

3. Endorse austerity to pay for the bail-out. The debt gets privatized again, but this time the lower classes has to take it up. The profits stay with the wealthy.

Anyway, it turns out that this isn’t a path to economic security.


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