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With a well regulated banking sector and progressive taxation the economy can and did boom. With cheap or free state financing countries can create abundant, relatively cheap sources of renewable energy. But an unregulated financial sector is the most efficient means with which to extract wealth from a society by the elites. After about 1960 elite conservatives went for the jugular and got it with Ronald Reagan's election. Taxes and regulations were reduced and soon the money from finance overwhelmed the electoral system. It seems we are down a very deep well - head first.

"It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Wed Nov 5th, 2014 at 11:06:43 AM EST
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