Capitalism in an Apocalyptic Mood

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Walden Bello probes the fading resiliency of global capitalism tracing its ability to dodge collapse to its capacity to create bubble economies one after the other to stave off impending stagnation. Today's burst housing bubble, he says, is only the latest of some 100 financial crises that have swiftly followed one another since the early 1980s. He looks at the chances it has to once again dodge the bullet. A fascinating read.

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