“In Argentina and Brazil, as I show in the book, inequality started to decline almost immediately once the financiers were knocked off their thrones. In Brazil the share of income passing through the financial sector was extraordinarily large, but over the course of twelve years and three presidencies, it has gradually been reduced, making room for expanded public services, improved social conditions and reduced inequality.” James Galbraith, interviewed by Philip Pilkington in Finance as Wealth Transfer Mechanism: An Interview with James Galbraith « naked capitalism (via quotingthecrisis)

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