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State Intervention in Financial Markets: Why Geopolitics Matter

There is not much new in the observation that markets are closely intertwined with political authority. In the past authorities guaranteed markets to operate, while global financial markets also exist thanks to active state support. If this was not already obvious, then governments acting as lenders of last resort to banks in the aftermath of the 2008 financial crisis certainly brought the message home. However, what has received less coverage in media and academic analyses is how geopolitical considerations influence states in their approaches to finance – and, as a result, to their people… [read the rest of the blog post on the Human Economy blog]