How governments convince citizens to shoulder the burden of economic failure
In short: In the wake of the 2008 global financial crisis, Latvia faced soaring unemployment and severe austerity. This video explores how officials successfully persuaded the public to accept responsibility for a collapsing economy.
Sociologist Liene Ozoliņa examines the aftermath of the 2008 crisis in Latvia, a period marked by slashed public funding and increased taxes. She investigates the mechanics of how the government provided relief to large businesses and the wealthy without facing significant backlash or protest from the struggling population.
The talk highlights a broader global trend: the rise of social policies that uphold inequality by shifting the weight of economic instability onto individuals.
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Sources
- Summary by Intellect · source: Why do we blame individuals for economic crises? | Liene Ozolina
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