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Financial Markets Under Capitalism*
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Jan 17th 2022, Prabhat Patnaik
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Keynes
argued that the operation of the financial market under
capitalism was deeply flawed and the distribution of
investible resources could not be left to it. The Indian
government is so utterly mindless that it is planning
to hand over a largely State-owned banking system to
private capitalists, thereby exposing the system to
the threat of collapse.
*
This article was originally published in People's
Democracy on January
16, 2022.
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