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[...] As Michael Hudson writes, 'the financial sector's aim is not to minimize the cost of roads, electric power, transportation, water or education, but to maximize what can be charged as monopoly rent.'

To bring global capital back onshore would be transformational of the global monetary order. Only then could we hope to restore stability, prosperity and social justice to a polarised and dangerously unequal world. Only then could we hope to manage the challenge of climate change.

However, business is better than usual for rentiers