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There are economies that are substantially following the Keynes 'euthanasia of the rentier' disideratum. Most of them are BRICS, where government controled public banking is predominant and there is cheap credit for needed infrastructure and industry. This, of course, is anathema to western oligarchies and their minions such as the IMF and the World Bank. It is not just the different stages of development that is responsible for the differing growth rates between the BRICS and the 'developed world'.

"It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Tue Nov 4th, 2014 at 09:29:13 AM EST
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