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	<title>Comments on: Was the credit crunch caused by inequality?</title>
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	<link>http://www.anthonypainter.co.uk/2010/01/11/was-the-credit-crunch-caused-by-inequality/</link>
	<description>UK, EU and US politics. All stir-fried with a dash of tabasco</description>
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		<title>By: Michael</title>
		<link>http://www.anthonypainter.co.uk/2010/01/11/was-the-credit-crunch-caused-by-inequality/comment-page-1/#comment-368</link>
		<dc:creator>Michael</dc:creator>
		<pubDate>Mon, 11 Jan 2010 16:24:24 +0000</pubDate>
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		<description>Not an expert in economics, but Chicago School theories do seem to be coming in for some fire at the minute - ResPublica&#039;s critique was fascinating too (the Ownership State), though I&#039;m not sure it would draw the conclusion that this was a failure of capitalism, more that it was a failure of particular kind of de-humanised capitalism.

I suppose, as an observer, what I find most interesting is that there are nuggets here both right and left - the critique being offered develops new accounts of both the individual and the social. The consensus that appears to be forming, if I read it right, is that a) markets must serve society, not the other way round, and b) there must be wider access to markets for a greater amount of people, who must also have something to trade, as a means of spreading both wealth and prosperity. 

It seems to me that this is something to be welcomed - the next few years might well prove critical.</description>
		<content:encoded><![CDATA[<p>Not an expert in economics, but Chicago School theories do seem to be coming in for some fire at the minute &#8211; ResPublica&#8217;s critique was fascinating too (the Ownership State), though I&#8217;m not sure it would draw the conclusion that this was a failure of capitalism, more that it was a failure of particular kind of de-humanised capitalism.</p>
<p>I suppose, as an observer, what I find most interesting is that there are nuggets here both right and left &#8211; the critique being offered develops new accounts of both the individual and the social. The consensus that appears to be forming, if I read it right, is that a) markets must serve society, not the other way round, and b) there must be wider access to markets for a greater amount of people, who must also have something to trade, as a means of spreading both wealth and prosperity. </p>
<p>It seems to me that this is something to be welcomed &#8211; the next few years might well prove critical.</p>
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