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newswire article reposts global

corporate dominance | labor

Boom and bust capitalism won't be fixed

"The world has been informed that their main order of business will be to find some way of restraining bankers' pay - rather than concentrating on the infinitely more important question of how to ensure something this horrific never happens again..."
"The core problem over the past few decades was not bankers' greed or the complex financial instruments that enabled them to satisfy it. It was the immense pyramids of debt built up by the Anglo-Saxon half of the world, and the equally massive mountains of savings created in the other.

Almost everything that occurred in the past couple of years was, directly or indirectly, a consequence of this..."

to read Edmund Conway's article published inL The Guardian UK, September 2, 2009, click on
 link to www.telegraph.co.uk

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