Non-interventionist governments were forced into greater intervention

Evidence

On the reverse side of the coin, governments ideologically com­ mitted to non-intervention and fiscal conservatism have been forced by events to be more rather than less interventionist. Laying aside the degree to which the evident insecurities of flexible accumulation create a climate conducive to authoritarianism of the Thatcher­ Reagan type, financial instability and the massive problems of internal and external indebtedness have forced periodic interventions in un­ stable financial markets. — David Harvey, The Condition of Postmodernity, 1030

Categorization

  • XREF: Resonates with flexible accumulation’s contradictions in Harvey’s larger thesis; also connects to bailouts and state rescues in later crises. — connects to: Non-intervention fails if rival powers still intervene in the region — Bernard Lewis, From Babel to Dragomans: Interpreting…, 1199; Austerity is state intervention transferring resources from the many to the few — Clara E. Mattei, Escape from Capitalism: An Intervention, 195; Law-and-order ideology legitimizes state intervention in crises (+3 more)

Broader Connections