000 02038nam a2200277 i 4500
001 229137
003 ES-MaBCM
005 20250219140808.0
008 241213s2025 uk ||||| |||| 00| 0 eng d
020 _a978-1-5095-6431-6
035 _a(OCoLC)1499514415
040 _cES-MaBCM
100 1 _aKonings, Martijn
_992226
245 1 4 _aThe bailout state :
_bwhy governments rescue banks, not people
_cMartjin Konings
250 _a1ª ed.
260 _aCambridge ,
_aHoboken, NJ :
_bPolity ,
_c2025
300 _a256 p.
_c ; 23 cm
500 _aÍndice
504 _aIncluye referencias bibliográficas
520 _aHow did we end up in a world where social programs are routinely cut in the name of market discipline and fiscal austerity, yet large banks get bailed out whenever they get into trouble? In The Bailout State, Martijn Konings exposes the inner workings of this sprawling infrastructure of government guarantees. Backstopping financial markets and securing banks' balance sheets, this contemporary Leviathan manages the inflationary pressures that its generosity produces by tightening the financial screws on the rest of the population. To a large extent, the bailout state was built by progressives seeking to buttress the institutions of the early postwar period. The resulting tide of capital gains fostered an asset-centered politics that experienced its heyday in the nineties. But ever since the financial crisis of 2007-08, promises of inclusive economic growth have looked increasingly thin. A colossus locked in place, the bailout state disburses its benefits to a rapidly shrinking group of property owners. Against the backdrop of a ferocious post-pandemic turn to anti-inflationary policy, the only remaining way to exit the logic of the bailout, Konings argues, is to challenge the monetary drivers at the heart of capitalist society.
650 7 _aPolítica económica
_959827
650 7 _aRecesión económica
_958194
650 0 _aCrisis monetaria
_9128838
942 _cBK
_2udc
999 _c229137
_d229137