The scale of stabilizing interventions in 2020 was impressive. It confirmed the basic insistence of the Green New Deal that if the will was there, democratic states did have the tools they needed to exercise control over the economy. This was, however, a double-edged realization, because if these interventions were an assertion of sovereign power, they were crisis driven.55 As in 2008, they served the interests of those who had the most to lose. This time, not just individual banks but entire markets were declared too big to fail.
