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Financial collapse, systemic crisis? |
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Samir Amin, Director, Third World Forum
The violent explosion of this crisis did not surprise us; I mentioned it a few months ago while the
conventional economists were ignoring its coming development and consequences, especially in Europe.
In order to understand it we must get rid of the conventional definition of the system which qualifies it
as “neo-liberal” and “global”. This definition is superficial and masks the essential. The current capitalist
system is dominated by a handful of oligopolies that control the basic decisions making of the world
economy.
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