"The interests of merchants always differ from public interests. As a rule, they are interested in deceiving and misusing the general public" (Adam Smith). Keynes established that the market alone cannot ensure the prosperity of everyone. A redistribution of income from top to bottom and regulatory state actions are necessary.
“This is the first time that Finance and Development Ministers are meeting jointly at the G7 and they can promote solutions for when financial crises and humanitarian crises collide” notes Eric LeCompte, Jubilee USA Network Executive Director.
State debts are often necessary and are not automatically bad economically. Investments are prerequisites of future prosperity. When private parties spend too little, the state must step into the breach. That the right measures are taken for the population is much more important than whether the balance of revenues and spending is positive, negative or balanced.