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The American Empire in a Changing World



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Sunday, October 7, 2012

''Robert Neuwirth tells how the informal economy generates trillions of dollars in 'Stealth of Nations''

From Cleveland.com
 
''In large cities, they're everywhere -- unlicensed food carts selling snacks, vendors hawking counterfeit designer handbags and pirated DVDs. These are members of what author Robert Neuwirth labels System D in his illuminating book, Stealth of Nations: The Global Rise of the Informal Economy.

What happens in "the unregistered markets and roadside kiosks of the world is not simply haphazard," Neuwirth reports. "It is a product of intelligence, resilience, self-organization, and group solidarity, and it follows a number of well-worn though unwritten rules." System D "is based on small sales and tiny increments of profit," yet it produces an estimated $10 trillion annually around the world.''

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