ECONOMICS: Can capitalism be rescued?*

Peter Warburton published his book Debt and Delusion in 1999. It first came to this writer’s attention less than a year ago. The curious thing is that – though it has been part of the language for two years – readers of News Weekly have not so far been exposed to a review of its most compelling and important contents. “the large economies of theWest …are becomingthe servants of globalfinancial activityrather than its masters.”In this writer’s view it is, by far, the most important exposition o…

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