Trickle-down Truss is carrying on the dirty work of Thatcher, Blair and Osborne | Yanis Varoufakis | The Guardian

These recipients of the banker’s extra money have a long track record of not investing in actual productive capacity. Why would they, when the masses out there can’t afford to buy new, high-value products? Instead, big businesses use any funds that come their way either to buy back their own shares (to boost their share price and, consequently, their bonuses) or to speculate in the derivatives market or in real estate. The dirty secret behind the zombie idea of trickle-down economics is that only one thing can prevent the vicious financial cycle from spinning out of control: the government’s (and, sometimes, the central bank’s) power to feed it. Source: Trickle-down Truss is carrying on the dirty work of Thatcher, Blair and Osborne | Yanis Varoufakis | The Guardian