Finance's Preference for the Metropolis*
May 4th 2020, Prabhat Patnaik

Globalized finance, by nature, prevent welfare spending by third world governments and enforces their subservience vis-a-vis advanced economies. Delinking from current globalization therefore tantamount to freedom from hegemony of finance capital.

* This article was originally published in the People's Democracy on May 3, 2020.


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