Post-Depression state control over speculation grew via mass credit and insurance roles, not regulation

Evidence

After the Great Depression, the state resumed greater political control over the terms of speculation. It did so not by stricter regulation (the securities markets were further deregulated in this period), but by taking up the role of both mammoth creditor (Quinn 2019) and social insurer (and thus correspondingly a mammoth debtor too). — Aris Komporozos-Athanasiou, Speculative Communities, 134

Categorization

• XREF: Counterintuitive: more state control came with deregulation — bears on reader’s question of whether the left can reclaim speculative imagination or only concedes it.