The Crisis of 2029: How to Fight the Next Corporate Boondoggle

Timothy Wunder

Journal of Economic Issues, 2021, vol. 55, issue 2, 524-530

Abstract: The governmental response to the crises of 2008 and 2020 was determined by the vision of the economy being an institution of businesses. While some help was given to households, most government assistance went directly to businesses and their owners. This mainstream influence met with little consolidated effort opposing those policies and the result has been to save the wealth of a few while allowing the many to flounder. It is inevitable that another crisis is not far away, and the Institutional community must begin to organize a response now. A response with popular appeal must be planned now so that when the next collapse occurs, political pressure can be created to force political leaders to help all households, not just the shareholding class.

Date: 2021
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DOI: 10.1080/00213624.2021.1913378

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