Accessing capital finance (going into debt, being bought out) is considered normal for companies and individuals. Yet, when states, towns, or social support services access capital, the debt is paid back through public taxes, a version of plundering the citizens due to incompetent or unlucky government.
Instead of allowing collapse, like small or medium-sized businesses (the large ones are bailed out), the capitalist devil’s bargain allows rich citizens to capture the state’s taxing power. Once embedded, the rate is hiked, forcing the nation to cover the inflated costs. OR the shareholders remake and steer the social services to their enrichment.
It sounds more like a medieval oligarchy, legalized through lobbyists: we are all indebted serfs for sins we did not commit.
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