6 May, 11:22
In modern economies, an unusual yet pervasive phenomenon is emerging—a deliberate economy of losses. This economy arises directly from the comprehensive capture of state institutions by powerful financial-industrial groups (FIGs).
This takeover occurs through explicit corruption or more subtly via the manipulation of state governance processes masquerading as democratic activities.
Democracy, in such contexts, devolves into mere performance, with elections and public decision-making reduced to tools for legitimizing the dominance of FIGs. Public opinion becomes a manipulable resource, and the purported "choices" of citizens are engineered to validate the existing inequitable distribution of wealth. Politics, therefore, serves as the soft power arm, effectively convincing the populace that socioeconomic injustice is, paradoxically, their voluntary choice.
This dynamic transforms public officials and civil servants into integral parts of a corrupt system, whose sole purpose is funneling state budgets into the pockets of FIGs. The operational model for this "state-managed business" is clear—massive, ineffective expenditure on infrastructure and social modernization projects. On the surface, these initiatives appear beneficial and socially progressive; in reality, they function as channels through which public resources flow directly into private hands.
The irony is stark: the more the state spends, the more profitable it becomes for financial-industrial groups. Increased state expenditures translate directly into increased revenues for oligarchic structures. Consequently, the genuine objective of FIGs is not the advancement of societal welfare or the boosting of consumer demand, but precisely the opposite. Their profits depend on maintaining low personal incomes and high taxes, ensuring sustained dependency on extensive state spending.
In effect, the modern state is no longer an independent manager of national resources but rather an intermediary in the systematic transfer of societal wealth to financial-industrial groups. Infrastructure, roads, healthcare, and social initiatives—all are interconnected mechanisms designed primarily to enhance FIG profitability.
Thus, in the "economy of losses," consumer prosperity and citizen well-being are not priorities. Indeed, increased living standards are unnecessary, even undesirable, within this framework. The FIGs thrive most when societal conditions are characterized by lower quality of life and inflated public expenditure—conditions deliberately maintained to optimize their profits at the expense of public good.
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