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Re:Where has all the money in the world gone? by eli_gottlieb on Sunday June 24, 2012 @10:08PM (#4154817)
The system really evolved to combat Communism. The powers that be ran with the propaganda wars of the 60's and turned the USA hyper-consumer with tons of debt to combat Russia's ideology. Everyone jumped on board because socialism and the "other" were irrationally dubbed wrong and thus we must do the opposite.

That's a good cognate to David Graeber's description of neoliberalism: a program of governance designed to bring down Communism and hail the glorious victory of Capitalism, no matter the actual economic consequences of doing so.

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