The explosive rise in not just public, but also private debt has recently attracted more scholarly attention. This is a novel development and might expose politico-economic models of governance to instability from an angle previously underappreciated. The liberalization of credit access in the Anglo-American countries, and, somewhat later, beyond those, might be seen as liberating for some, but they also create the potential for entrapment in debt. The term ‘privatized Keynesianism’ has been proposed to suggest a systematic agenda behind the facilitated access to lending. In this chapter, the broader access to investment vehicles is also being scrutinized, although upon closer inspection any claims of mass ownership of shares turn out not to be tenable.
