this post was submitted on 02 Apr 2025
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chapotraphouse
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Had to? Or opportunistically started to treat government spending as if it worked like a checkbook with the explicit purpose of punishing the working class?
yeah i kind of oversimplified the story. the finance sector used its leverage at the time to force governments to pay out their debts. of course a more pro-worker government could choose not to do that, but in a bourgeois dictatorship the state and banks work in tandem more or less.