Crisis 2.0: A Policy for the 99%
by Hans Baumann, Beat Ringer, Hans Schappi and Johannes Wickli, 2011
https://www.indybay.org/newsitems/2018/03/14/18807372.phpThe capital surpluses are a constant source of speculative waves and manoevers regarding securities and currencies..The crisis of state finances is mainly a crisis of tax refusal. This refusal is part of tyhe continuing neoliberal policy of deregulation. States were systematically weakened over against the financial market actors.
In the last years, the elites shifted the tax burden from businesses and high incomes to consumer taxes and fees that puts a damper on private demand.