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Chrystia Freeland

The impact of Occupy Wall Street

Friday, November 18, 2011 - 02:21

The Occupy Wall Street protests has enlarged the spotlight on the financial district's questionable practices that have contributed to the country's economic downturn. At a panel discussion called, The Finance Crisis: Lessons Learned from Canada and the Way Forward, at the Canadian Embassy in Washington, D.C., Robert Rubin, former U.S. Secretary of the Treasury, sat down with Chrystia Freeland and told her what he thinks of the Occupy Wall Street movement.

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What's your -- I want. I think they've identified issues that are really serious social and economic issues in this country. We have hat. Falling median real wages for thirty years except that period in the -- the second half of mining recovery takes hold we've really -- market. They've identified issues. Or really central to what's gonna happen to our economy and our society the question what do about. And so very complex question that you the issues that. And that the first with the department. Of -- they've the coverage. I think -- steps that -- economy -- society. We've got to have strong -- That would be indispensable. Requisite. Having writing median real wages -- I think Norman we have to do. And I think it's a really complex challenge for. Policymakers. Couldn't do it -- Historical information global economy when they're tremendous weight issues that are coming. From other content with the -- and now rising productivity. In many areas. We are very capable and and the range of tradable good service obviously and -- in real time patience with the very complex problem but I think they've identified. Centrally important issues and think he. -- I mean think that the good question. So I think it's early -- I think it should be. I think the political debate should be focusing on these -- issues -- great victory coverage for the period we -- they have slow recovery. -- long term growth in the show I think we have tremendous opportunity for growth we have her. Or. Yes this. I mean this. I think we have tremendous comparative advantages I think we have very big challenges that we -- -- meet in order realize that potential. And then within the whole context pursue growth I think we've got too much broader distribution the benefits of growth. Very. Very complex. It's.

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The impact of Occupy Wall Street

Friday, November 18, 2011 - 02:21