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<oembed><version>1.0</version><provider_name>naked capitalism</provider_name><provider_url>https://www.nakedcapitalism.com</provider_url><author_name>Yves Smith</author_name><author_url>https://www.nakedcapitalism.com/author/yves-smith</author_url><title>Inequality, Technical Change and the &#x201C;Hunger for Surplus Value&#x201D; | naked capitalism</title><type>rich</type><width>600</width><height>338</height><html>&lt;blockquote class="wp-embedded-content" data-secret="1w62baDBQK"&gt;&lt;a href="https://www.nakedcapitalism.com/2013/04/inequality-technical-change-and-the-hunger-for-surplus-value.html"&gt;Inequality, Technical Change and the &#x201C;Hunger for Surplus Value&#x201D;&lt;/a&gt;&lt;/blockquote&gt;&lt;iframe sandbox="allow-scripts" security="restricted" src="https://www.nakedcapitalism.com/2013/04/inequality-technical-change-and-the-hunger-for-surplus-value.html/embed#?secret=1w62baDBQK" width="600" height="338" title="&#x201C;Inequality, Technical Change and the &#x201C;Hunger for Surplus Value&#x201D;&#x201D; &#x2014; naked capitalism" data-secret="1w62baDBQK" frameborder="0" marginwidth="0" marginheight="0" scrolling="no" class="wp-embedded-content"&gt;&lt;/iframe&gt;&lt;script type="text/javascript"&gt;
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</html><description>By Alejandro Nadal, Professor at the Centre for Economic Studies of El Colegio de Mexico. Cross posted from Triple Crisis  There is (almost) no quarrel about the fact that inequality has increased during the past three or four decades. One of the consequences of this is the growth of unsustainable indebtedness of households in order to maintain aggregate demand, a problem intimately related to the global financial crisis and the so-called Great Recession.  So it is critically important to understand the causes of this rising inequality.</description></oembed>

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