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How does he define 'productive'?

In this context, strictly according to capital's own criteria : high rate of return on investment, with minimal risk. The capital/democracy couple is posited to have functioned reasonably well for as long as governments' objectives coincided with those criteria : i.e. there were enough low-hanging fruit to satisfy everyone.

It is rightly acknowledged that people of faith have no monopoly of virtue - Queen Elizabeth II
by eurogreen on Sun Aug 17th, 2014 at 08:54:09 AM EST
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