A respected economist claims that the U.S.financial bailout of 2008 was endorsed by Treasury Secretary Henry Paulson,a former CEO of Goldman Sachs,and that he acted only in the interests of big business.Which theoretical perspective would support this assessment?

Question

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Marxist instrumentalists argue that the state and its policies are directly shaped by the needs of the capitalist class or big business interests. This perspective supports the assessment that Henry Paulson, with his background in big business (as a former CEO of Goldman Sachs), acted in the interests of big business during the 2008 financial bailout.

A Respected Economist Claims That the U