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The biggest problem of the state is that it is captured by the neo-rentier. They in turn were allowed to privatize and monopolize the intellectual property of others. Moreover, capital is no longer at the service of enterprise, but generating phantom wealth from our "RENTIER FIRST MONETARY POLICY". It is all a giant Ponzi Scheme (debt to service more debt). As Bruno Latour once said, "If the World were a bank, they would have bailed it out already."

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Greg Daneke, Emeritus Prof.
Greg Daneke, Emeritus Prof.

Written by Greg Daneke, Emeritus Prof.

Top Economics Writer, Gov. service, corp consulting, & faculty posts (e.g., Mich., Stanford, British Columbia). Piles of scholarly pubs & occasional diatribes.

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