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Why prefer to fight over improving living conditions?

Sacrificing prosperity to hurt the enemy. In India, when the population had a little more money, they quickly armed themselves in preparation for a conflict with Pakistan. In Russia, Putin is turning the West against him, threatens it, and hacks it rather than investing in and engaging in trade and tourism with the West. This…
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Financialization, deregulation and securitization transactions

Before the 1980s, banks couldn’t use people’s deposits as collateral for investments. Banks were not allowed to use their customers’ deposits to invest them. Up until the early 1980s, when you owned a share in a company, a building or a field and wanted to buy or sell other shares, the state levied transfer duties.…

