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Fri 10 Oct 2008Failure of free market an opportunity for a new approach
A combination of State regulation and private sector expertise could get us out of this mess, writes Paul Sweeney
THE WORLD has changed dramatically in weeks. The collapse of the unfettered "free" market system has been cataclysmic and very public. It will change economics and business. It will also change politics and society. It is not the end of capitalism, but of the Anglo-American model. It may be the end of Western economic dominance. It is the end of the myth of "private sector good, public bad". It is the beginning of a new world economic order.
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