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ADAIR TURNER: Tech companies like Facebook may be contributing to the next credit crisis

ADAIR TURNER: Tech companies like Facebook may be contributing to the next credit crisis

Business Insider - Jim Edwards

• Lord Adair Turner talked to Business Insider about the effect of the tech sector on inequality, debt, and property.• Tech companies create fewer jobs and concentrate more wealth than non-tech companies, he said.• The prices of the products they create fall quickly, so they under-contribute to GDP …

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