Inflation Fixation
The LRB Podcast
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The Downside of the De-Risking State Model
The state remains part of the equation, but carrying costs and risks rather than making profits. The big green state is a state that will actually use its own balance sheet much more explicitly and aggressively. So it's much closer to the kind of planning state that was discredited in the 1970s. It has a whether you call it social democratic or democratic socialist or whatever. But it basically does not rely on the financial sector from having to sort of attract the the eye of large organized private capital.
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