Is capitalism edging closer to doom?

The massive volatility and sharp equity price correction now hitting global financial markets signal that most advanced economies are on the brink of a double-dip recession. A financial and economic crisis caused by too much private sector debt and leverage led to a massive releveraging of the public sector in order to prevent Great Depression 2.0. But the subsequent recovery has been anaemic and sub-par in most advanced economies given painful deleveraging.

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