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The Liberal-Regressive Modern Age
Oliver Nachtweg
The financial crisis of the states-dramatically intensified by the costs of bailing out the banks-shifts the costs to the broad population without touching the wealth of the economic elites. The financial policy of whole states is dictated by rating agencies, the IMF or the EU. It is only executed by the governments. Political governing is increasingly uncoupled from thye approval and influence of citizens.

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