The Western World in the Wealth Trap

After years of austerity, the economy does not restart, unemployment is rising and government budgets are worsening (even in countries such as Spain with a low public debt-to-GDP ratio before the “financial crisis”). Policy makers have intervened to “save” the capitalist system, even through bank bailouts (thus provoking a consequent increase in public debt). Is this the case for supporting the aggregate demand? There is no money, they say. What we want to highlight is exactly the opposite: there is “too much” money, concentrated in a few hands.