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GMB Conference: Irish President Higgins blasts capitalist economics

IRISH President Michael D Higgins handed international capital a strong rebuke yesterday in a barnstorming address to GMB congress.

Mr Higgins, a lecturer and Labour MP before he was elected head of state, slammed capitalist economic orthodoxy for creating “increasing inequality with horrific consequences in some of the richest countries in the world.”

And he hit out at “new forms of capital which have nothing to do with production” but instead promoted illicit international flows.

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