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The current debt crisis
11 Aug 2011; posted by the editor - Ireland
By Barry Hackett
What is the solution?Throwing more debt, in the short or long run, at the problem will not solve the problem. At most it merely alleviates or postpones the problem. This is precisely because the source of the problem does not lie within the process of circulation (i.e. money and credit spheres). It is contained within the production process.
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