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Maybe the oligarchs have been able to capture and redirect the money flows so that capital is scarce for the "real economy".

That may well be the most deadly of the ill effects of the Anglo Disease. Wealth captured by using financial instruments to realize future revenue flows from the real economy goes globally in search of ever-higher returns, and is not ploughed back into real activity.

by afew (afew(a in a circle)eurotrib_dot_com) on Fri Jul 16th, 2010 at 04:20:36 PM EST
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