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The Great Financial Crisis, John Foster, Fred Magdoff
John Foster,Fred Magdoff

The Great Financial Crisis

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  • Jeanelle Clarkehas quoted6 years ago
    The problem, as they explained it, was that the enormous productivity of the monopoly-capitalist economy, coupled with oligopolistic pricing, generated a huge and growing surplus, which went beyond the capacity of the economy to absorb it through the normal channels of consumption and investment.12
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