Countless government aid interventions, bailouts, and sustainability programs have created a debt-fueled charity in recent years. It is not the solution, but the origin of vulnerability to crises.
In the 1990s, the British photographer Martin Parr collected motifs from the consumer world in his series “Common Sense”.
As Europe mobilizes enormous sums of money for arms deliveries to Ukraine, the framework of the banking sector and the financial markets begins to crack. What is meant is not the debacle at Credit Suisse, which is at most indirectly related to a new financial crisis that is looming. The collapse of the Silicon Valley Bank is more of a frightening flash of lightning.
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