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Debts that cannot be paid will not be

T. Sabri Oncu
Monday 17 July, 2017  

Total global debt has increased, growth has been slowing down since the onset of the global financial crisis in 2007 and has been rapidly decelerating after 2012. This may be a sign that the world has arrived at its debt carrying capacity or has even crossed it, meaning that capitalism is probably already insolvent.

* This article was originally posted in the Economic & Political Weekly on July 15, 2017.

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