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irony: capitalism to degenerate pseudo-capitalism//Casino Economics: From Our Hands to Their Pockets

April 5th, 2017 · No Comments

The speculative financial industry has taken control over the economy. As opposed to capital being invested for productive uses it instead is used to create profit. Money making money on money while making nothing else. This is at best an inflationary activity creating debt and so driving up the cost of doing business for the economy as a whole. At its worst it is a bubble making activity looking for a place to burst.

Source: Casino Economics: From Our Hands to Their Pockets

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