Formation of mercantile capitalism

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What is the role of debt, according to Varoufakis, in the formation of mercantile capitalism? What are the (supposed) moral implications of debt? Do you think these are valid? What of the stark economic inequality that occurs between those who go bankrupt and those who accumulate massive fortunes? Is this simply the result of fair business dealings or not? What of the inequalities between the entrepreneurs and the employees whose wages are continually driven down, largely out of necessity?

Reference no: EM133388345

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