The state and its citizens are expected to pay private companies’ ransom demands without taking anything substantive in return. There’s no suggestion that the public might acquire a stake in a company in exchange for the money they hand over. Shareholders and CEOs are provided with ‘protection’ or ‘compensation’ rather than being made to face the downsides of the risk supposedly inherent in investment. The bailout averts a crisis, but keeps things on terms friendly to capital.
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