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'Capital Must Pay, As Well as Labor,' James K. Galbraith on cutting down the financial sector

Le Monde diplomatique

Friday, June 11, 2010

In this month’s podcast, leading US economist James K Galbraith discusses his article, “The wolf pack stalks Europe”, which appears in our June issue. What systemic shortcomings in its relationship with the financial sector does the EU’s handling of the crisis in Greece reveal? And does the future hold a vicious circle of cuts, deflation and depression for Europe?

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