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Fri 06 Jun 2009Galbraith warns on pay inequality
INCOME INEQUALITY is at risk of widening because governments across the world are trying to recreate the boom-to-bust patterns of economic activity that led to the current crisis, according to a leading US economist.
James Galbraith, who was speaking at the annual lecture for the economic think tank TASC in Dublin last night, said a lack of institutional reform meant attempts by governments to fix the financial system were likely to produce “speculative activity, corruption and fraud”.
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