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AFRICANGLOBE - Inflation is a disease that can wreck a society, Milton Friedman, the late Nobel laureate economist, once said. Add rising unemployment to the diagnosis, and his profession ascribes a rather non-technical term to the debilitating effect on people: misery.
AFRICANGLOBE - The world is returning to the predatory laissez-faire capitalism that immiserated millions in the early 20th century and is predicated on neoliberal "wicker economics," void of empirical reference. In more popular usage, it can simply be referred to as predatory capitalism.