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View Diary: Chomsky on the Economic Crisis (53 comments)

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  •  Chomsky's got it correct: the diversion away (1+ / 0-)
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    from reality started a little bit in 70s, and greatly accelerated in the 80s with the massive shifts of money away from the common wealth of all people as collected by taxation vs giving the money to the rich to speculate and cause bubbles which burst.

    The last 30 years have been one boom bust cycle after another, driven almost entirely upon artificial speculation.

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