In this short series, Mark Wegierski tries to grapple with the conceptual implications of the post-2008 financial crisis, suggesting there are difficulties with the conventional views of both Left and Right. We should try to look at what the so-called “anti-system opposition” (opozycja antysystemowa) may hold in common.
The financial crisis which has overtaken America and the rest of the planet since 2008, certainly strains the conventional views of what constitutes capitalism or socialism, or indeed conventional Right and Left. The U.S. government has extended over a trillion dollars in aid to the banking and financial sectors. This seems to be a situation where profits are private, and losses are made up for by the public. One can’t even think what this type of system could be properly called – banker’s socialism, perhaps. The financial and banking sector does not seem to be averse to be part of the “welfare-state” gravy train.
At the same time, the strictest competition continues to exist for small-businesses – who will not be receiving bail-outs in this increasingly difficult economic climate.
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