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‘Financialisation’ has been promoted by heterodox economists as the cause of the iniquities and failures of modern capitalist economies. Now an additional theory has been offered: ‘renterisation’. In a recent long article in the British Financial Times, its well-known economic columnist, Martin Wolf, offered this concept as the explanation of low productivity growth, rising inequality and the mountain of debt in the major economies.
https://thenextrecession.wordpress.com/2019/09/27/a-rent-seeking-economy/ _________________________________________________________ Full posting guidelines at: http://www.marxmail.org/sub.htm Set your options at: https://lists.csbs.utah.edu/options/marxism/archive%40mail-archive.com
