In a stagflationary environment, 

Financial vehicles and/or financial engineering serves as a tool to transfer productive gains away from the working class to important stakeholders, i.e. the political elite, funders, and other silent economic entities. 

One clear example of this can be seen in SARB paying commercial banks interest on their excess reserves - disguised under the banner “to maintain interest rates and inflation” in the domestic economy. 

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But actually it is to serve or to maintain margins for these various stakeholders I’ve mentioned above. 

Any threat to the existing status quo will not be supported, or better put - tolerated.