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The Hindrance to a New Deal Today*
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Jul 14th 2020, Prabhat Patnaik
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A
New Deal attempted by any State today through larger
fiscal deficit of taxing the rich will run the risk
of capital flight and hence financial crisis. Such an
effective opposition by global finance will require
a mobilized working class to overcome.
*
This article was originally published in People's
Democracy on Jul 12,
2020.
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