Economist Ha-Joon Chang offers a great diagnosis for our collective acceptance of this arrangement: “Economics is now playing the role of Catholic theology in Medieval Europe. It has become an ideology that tells people that the world is what it is because it has to be, however unjust, wasteful and inefficient it may look.”

Everything we'd been told for the last decade turned out to be a lie. Markets did not run themselves; creators of financial instruments were not infallible geniuses; and debts did not really need to be repaid – in fact, money itself was revealed to be a political instrument, trillions of dollars of which could be whisked in or out of existence

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