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2018-07-20

Western businesses have slipped jobs overseas to countries with low labor costs


while the middle class has been pushed into debt in order to try to keep up. 


The Glass-Steagall law and other brakes on American banks were abolished by a cheerleader for globalization, Bill Clinton,


and these banks subsequently lost all restraints in their enthusiasm to lend. 


The cherry on top of the sundae was the real estate bubble and ensuing crash of 2008


Enrico Verga via nakedcapitalism.com 20 July 2018

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