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We Need a Social Economy, Not a Hyper-Financialized Economy

28-7-2017 < Blacklisted News 35 61 words
 

We all know what a hyper-financialized economy looks like--we live in one:central banks create credit/money out of thin air and distribute it to the already-wealthy, who use the nearly free money to buy back corporate shares, enriching themselves while creating zero jobs. Or they use the central-bank money to outbid mere savers to scoop up income-producing assets: farmland, rental properties, etc.

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