The imperative of capitalism in the nationalist phase has been the prioritizing the bondholder and granting his interest-bearing returns as a foregone conclusion. Making the world safe for private investment has been the modus operandi of capitalist imperialism for about 150 years now. If investors lose then they will be less likely to take a risk in the future, so the state panders to their “interest”.
synthetic zerØ 
The imperative of capitalism in the nationalist phase has been the prioritizing the bondholder and granting his interest-bearing returns as a foregone conclusion. Making the world safe for private investment has been the modus operandi of capitalist imperialism for about 150 years now. If investors lose then they will be less likely to take a risk in the future, so the state panders to their “interest”.
I’m waiting for debt refugees to come streaming into the south-east coastal states, we’ll see what the Repuglicans do than.
http://www.theguardian.com/business/vulture-funds