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02-13-2010, 12:25 PM #1
New Phase, Not Just Another Recession
New Phase, Not Just Another Recession
By ISMAEL HOSSEIN-ZADEH
CounterPunch
February 12, 2010
It is becoming increasingly clear that the financial meltdown of 2008 and the subsequent economic contraction that continues to this day represent more than just another recessionary cycle. More importantly, they represent a structural change, a new phase, the phase of the dominance of “finance capital,â€
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