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Originally Posted by roachboy
at the risk of bringing the thread back to it's topic and away from ace talking about himself....
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Stop directing comments towards me. Focus on the issues and the issues will be discussed.
The author stated the following:
Quote:
The current global crisis of capitalism began with the severe contraction in the housing markets in mid 2007.
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The housing contraction was the result the excessive speculation in the highly leveraged derivatives market. so from the beginning his premise is incorrect. And to blame the crisis on capitalism is also incorrect. The problem is with a select few trying to micromanage markets and the economy.
---------- Post added at 03:57 PM ---------- Previous post was at 03:54 PM ----------
Quote:
Originally Posted by Baraka_Guru
It shouldn't come as a surprise that the natural conclusion of neoliberalism
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What is "neoliberalism?" If you define it the way I suspect you and Roach would, I suspect the real problem is in this hybrid type economic model you have supported in other threads. And if "neoliberalism" is the problem, what is the solution?