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Nation columnist Naomi Klein explores a key argument from her new book, The Shock Doctrine: The Rise of Disaster Capitalism: After 9/11 the Bush Administration launched a new economy, driven by the notion of an endless war against an undefined notion of evil. Read more in her 2005 Nation column "The Rise of Disaster Capitalism."
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Can we solve our economic problems with neverending "liquidity injections"? If you have more debt and inflation than actual capital, do you really have capitalism?
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On the eve of a summit discussing the current financial crisis, George Bush, the US president, said that America's free market system is not to blame for the global economic meltdown.
In a speech aimed at world leaders heading to Washington on Friday, Bush defended US capitalism as the best way to achieve growth.
John Terrett reports.
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http://www.weforum.o rg/annualmeeting 24.01.2008
A New Approach to Capitalism in the 21st Century
William H. Gates III, Chairman, Microsoft Corporation, USA
Chaired by
Klaus Schwab, Founder and Executive Chairman, World Economic Forum