Financial or Multi-Dimensional Crisis?
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these countries, average incomes are less in the mid 1990s than in 1980, and in 43, less than in 1970′.
For now, the real economy, which supports real people, their wages, production of real goods and creation of value, is in bad shape. Stagnation in the real economy has resulted in investors promoting the ‘financialisation of the economy’, a strategy to make money ‘out of nothing’…some sort of economic voodooism!
Financial institutions are creating profits out of nothing. Trillions of dollars have been created out of nothing and there is a huge financial world out there that operates solely on it. It is just an empty world that solely plays on the rise and fall of trends within paper-money markets. If that amount was really available and justly distributed in the real economy, we would not have poor people going to bed hungry.
Financial
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