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From what I have seen it would appear that r > g will be the bulldozer of economic history. The only way to control its push towards a patrimonial capitalist state is to reverse wealth disparity. It has happened before so, presumably, it can happen again. But it will be an uphill fight.  

"It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Thu Apr 24th, 2014 at 07:38:24 PM EST
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