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The American Empire in a Changing World



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Friday, May 11, 2012

''Neoliberalism, Capital Accumulation, and Austerity''

From Payvand News

''Recent crisis in global capitalism has once again brought to the fore major structural contradictions and the consequences of these contradictions are reflected in the massive dislocation of the economy, growing number of (the) poor, concentration of wealth in the hands of a few around the globe, indebtedness, rampant speculation and an unprecedented concentration of financial capital at the expense of productive sector of the economy.''

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