What the System Does:
- It moves wealth upward.
- It shields institutions from accountability.
- It converts crises into expansions of technocratic power.
- It ensures that the people who bear the losses - pensioners, depositors, taxpayers - have no meaningful say in the rules that produced those losses.
- It writes the next chapter of control before the current chapter collapses, then waits for the collapse to make the chapter look like a rescue.
- It removes constraints so bubbles can form, then blames the bubbles on market excess, then demands more authority to prevent the next one.
- It maintains the fiction of democratic control over economic policy while steadily transferring that control to bodies beyond electoral reach.
That's what it does. So that’s what it's for.
Source:
https://substack.com/@escapekey/note/c-277226214