On Jul 16, 2008, at 12:23 PM, Gernot Koehler quoted:
And so the financial system has begun to target the personal income
of private individuals - workers and broader strata of the
population - as a source of profit.
This is a new departure in capitalism.
New? It's growing, for sure, but mortgage lending and consumer credit
are very old in the U.S. Less old elsewhere, but we're still talking
decades.
And if you want to go back, there's the company store.
Doug
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