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Published online by Cambridge University Press: 28 September 2023
Chapter 4 moves between the era of classic capitalism (up to the Great Crash), and the present era of neoliberal capitalism. The first was somewhat reined in by the New Deal and the second is still generating the One Percent condition of enormous inequalities. Symptomatic of economic derangement during neoliberalism is the growing impact of financial institutions, which produce little but profit greatly.
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