By Daniel Campos On August 5, 2024, one of the largest stock market collapses in the world in the history of capitalism took place. But the most important thing was not the dimension of the collapse, but its significance. The significance of the collapse is that the world economy is heading towards stagflation, a horrific combination of recession and inflation on a global scale, a prospect that appears on the horizon of the world capitalist system. The collapse of August 5 is the product of the fear that this prospect…
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