Views on the News 12/3/09
- Published in News & Comment
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Capitalism destroyed 45% of the world's wealth in 1.5 years On March 10 2009 the CEO of the private equity company Blackstone Group LP (BX.N) Stephen Schwarzman said that up to 45 percent of the world's wealth has been destroyed by the global credit crisis. "Between 40 and 45 percent of the world's wealth has been destroyed in little less than a year and a half," Schwarzman told an audience…
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