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by xiaopingguo
3727 days ago
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Financialization of the economy and rentier capture of value/profits. There are six billion people who are waiting to be brought up to the average American's standard of living but have no path to it. Vast investments in housing, education, transportation and healthcare are needed, many times more than what even China has attempted, but this cannot happen as long as ROI is higher in the financial sector and increasing levels of debt prevent forward movement. Debt forgiveness and plain old money/land giveaways need to come back in style. |
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