Daily Archives: March 20, 2009

Historic decline seen in world economy

The concentration of wealth is strangling the mass market.

The concentration of wealth is strangling the mass market.

By Henry McRandall
WRISEUP.COM

The International Monetary Fund reported today that the world’s economy will shrink this year for the first time since 1949.
That earlier decline reflected a major winding down of post-World War II global reconstruction. This year’s decline reflects the collapse of western middle-class prosperity.
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