Ireland's Richest 300 Doubled Wealth in the Crisis (300 of Us on €30k Would Take 11,000 Years to Make the Same)

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  • user warning: Table './external/cache_views_data' is marked as crashed and last (automatic?) repair failed query: UPDATE cache_views_data SET data = 'a:3:{s:6:\"result\";a:6:{i:0;O:8:\"stdClass\":5:{s:3:\"nid\";s:4:\"8499\";s:10:\"node_title\";s:46:\"Elections: Shouldn\'t We \'Fight on All Fronts\'?\";s:21:\"node_revisions_teaser\";s:1445:\"<div data-contents=\"true\">\r\n <div data-block=\"true\" data-editor=\"c9jab\" data-offset-key=\"cfk4-0-0\">\r\n <div class=\"_1mf _1mj\" data-offset-key=\"cfk4-0-0\">\r\n <span data-offset-key=\"cfk4-0-0\"><span data-text=\"true\">Anarchists are in favour of grassroots organising rather than engaging in electioneering. <span data-offset-key=\"cfk4-0-0\"><span data-text=\"true\"><em><img alt=\"\" src=\"/sites/default/files/strike.png\" style=\"width: 400px; height: 321px; border-width: 1px; border-style: solid; margin: 3px; float: right;\" /></em></span></span>Some crticise this position, stating something along the lines of:<br />\r\n <br />\r\n &#39;<em>But what about social housing, free education, and an increased minimum wage? That&#39;s change which will make a big difference to people&#39;s lives. And electoralism and grassroots organising aren&#39;t mutually exclusive. We shouldn&#39;t concede that ground to the right, we should fight on all fronts&#39;.</em></span></span><br />\r\n <br />\r\n <span data-offset-key=\"cfk4-0-0\"><span data-text=\"true\">Social housing, free education, increased minimum wage - there are worthwhile reforms which might be achieved by a left wing government, or might not, but they&#39;re fairly beside the point. It&#39;s worth remarking though that the best way even to achieve reforms through the state is by having strong social movements which can apply pressure to politicians.</span></span></div>\r\n </div>\r\n</div>\r\n\";s:21:\"node_revisions_format\";s:1:\"2\";s:12:\"node_created\";s:10:\"1497286800\";}i:1;O:8:\"stdClass\":5:{s:3:\"nid\";s:4:\"8470\";s:10:\"node_title\";s:73:\"WSM Points of Unity Explained: 1 - Class Struggle and Leadership of Ideas\";s:21:\"node_revisions_teaser\";s:778:\"<p><em>&#39;1. Anarchism will be created by the class struggle between the vast majority of society (the working class) and the tiny minority that currently rule. A successful revolution will require that anarchist ideas become the leading ideas within the working class. This will not happen spontaneously. Our role is to make anarchist ideas the leading ideas or, as it is sometimes expressed, to become a &#39;&#39;leadership of ideas&#39;&#39;.&rsquo;</em></p>\r\n<p>We&#39;re usually told that class society is a thing of the past. After all, aren&#39;t we all middle class now? But this is false, and there still very much exists a severe division between people based on property and work, a hierarchy which is a basic fact of the economic system known as capitalism.</p>\r\n\";s:21:\"node_revisions_format\";s:1:\"2\";s:12:\"node_created\";s:10:\"1491552000\";}i:2;O:8:\"stdClass\":5:{s:3:\"nid\";s:4:\"8471\";s:10:\"node_title\";s:51:\"WSM Points of Unity Explained: 2 - Power Structures\";s:21:\"node_revisions_teaser\";s:560:\"<p><em>&#39;2. We reject the idea that society can be changed through &#39;good people&#39; gaining control of the power structures. This means we reject both the electoral strategy of the social democratic and green parties and the &#39;revolutionary&#39; strategy of the various left groups.&#39;</em></p>\r\n<p>The WSM is working towards a free, equal, democratic society. We believe the only way to achieve this is by people taking their destinies into their own hands, forming grassroots mass movements, and creating new truly democratic institutions.</p>\r\n\";s:21:\"node_revisions_format\";s:1:\"2\";s:12:\"node_created\";s:10:\"1491552000\";}i:3;O:8:\"stdClass\":5:{s:3:\"nid\";s:4:\"8472\";s:10:\"node_title\";s:50:\"WSM Points of Unity Explained: 3 - Platformism (1)\";s:21:\"node_revisions_teaser\";s:495:\"<p><em>&#39;3. We identify ourselves as anarchists and with the &quot;platformist&quot;, anarchist-communist or especifista tradition of anarchism. We broadly identify with the theoretical base of this tradition and the organisational practice it argues for, but not necessarily everything else it has done or said, so it is a starting point for our politics and not an end point.&rsquo;</em></p>\r\n<p>The WSM practices a form of anarchism which strives to be highly organised and coherent.</p>\r\n\";s:21:\"node_revisions_format\";s:1:\"2\";s:12:\"node_created\";s:10:\"1491552000\";}i:4;O:8:\"stdClass\":5:{s:3:\"nid\";s:4:\"8473\";s:10:\"node_title\";s:50:\"WSM Points of Unity Explained: 4 - Platformism (2)\";s:21:\"node_revisions_teaser\";s:1238:\"<p>&#39;<em>4. The core ideas of this tradition that we identify with are the need for anarchist political organisations that seek to develop:</em></p>\r\n<ol>\r\n <li>\r\n <em>Theoretical Unity</em></li>\r\n <li>\r\n <em>Tactical Unity&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </em></li>\r\n <li>\r\n <em>Collective Action and Discipline&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </em></li>\r\n <li>\r\n <em>Federalism&rsquo;</em></li>\r\n</ol>\r\n<p>Federalism is an organisational structure based on &ldquo;the free agreement of individuals and organisations to work collectively towards a common objective&rdquo;. It is finding the best balance between independence and coherence. All decisions are made by those affected by them as opposed to centralism, where decisions are made by a central committee for those affected by them. This means, for example, that while all WSM branches are united under a common national policy, they are also autonomous, i.e they can make their own local decisions. It also means that we have no leaders or officials with higher authority than others. Rather, we have &#39;officers&#39; who are delegated temporary authority to perform certain tasks as mandated by the membership (for instance, to be treasurer).</p>\r\n\";s:21:\"node_revisions_format\";s:1:\"2\";s:12:\"node_created\";s:10:\"1491552000\";}i:5;O:8:\"stdClass\":5:{s:3:\"nid\";s:4:\"8474\";s:10:\"node_title\";s:57:\"WSM Points of Unity Explained: 6 - (Other) Mass Movements\";s:21:\"node_revisions_teaser\";s:1309:\"<p><em>&#39;6. We also see it as vital to work in struggles that happen outside the unions and the workplace. These include struggles against particular oppressions, imperialism and indeed the struggles of the working class for a decent place and environment in which to live. Our general approach to these, like our approach to the unions, is to involve ourselves with mass movements and within these movements, in order to promote anarchist methods of organisation involving direct democracy and direct action.&#39;</em></p>\r\n<p>While the workplace is of course a critical site of political activity, there is a much broader terrain on which to strive for our liberty. Ultimately, we want a world where people are free and content. So, everywhere that we are ripped off, suppressed, attacked, sidelined, or degraded, is a place for us to fight back and band together with others. In a social order which thrives on us keeping our heads down and being passive, resistance in its many forms is to be encouraged and supported. Whether or not that resistance is as radical or as &#39;pure&#39; as we&#39;d like we should engage, of course with our anarchist heads screwed on. While being a purist sect on the sidelines can feel satisfying to the initiated, ultimately it is a redundant way to make change.</p>\r\n\";s:21:\"node_revisions_format\";s:1:\"2\";s:12:\"node_created\";s:10:\"1491552000\";}}s:10:\"total_rows\";i:1539;s:5:\"pager\";a:5:{s:9:\"use_pager\";s:1:\"0\";s:14:\"items_per_page\";i:6;s:7:\"element\";i:0;s:6:\"offset\";i:0;s:12:\"current_page\";i:0;}}', created = 1503122503, expire = 1503122803, headers = '', serialized = 1 WHERE cid = 'wsm_only:block_1:results:692e0a14e0b7ab966d18830fa49232e2' in /var/www/public/includes/cache.inc on line 112.
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  • user warning: Table './external/cache_views_data' is marked as crashed and last (automatic?) repair failed query: UPDATE cache_views_data SET data = 'a:3:{s:6:\"result\";a:6:{i:0;O:8:\"stdClass\":5:{s:3:\"nid\";s:4:\"8496\";s:10:\"node_title\";s:78:\"An Anarchist Response to “Anarchists, It Is Our Duty To Vote In Elections”\";s:21:\"node_revisions_teaser\";s:1313:\"<p dir=\"ltr\" style=\"line-height:1.38;margin-top:0pt;margin-bottom:0pt;\"><span style=\"background-color: transparent; text-align: justify; font-size: 11pt; font-family: Arial; color: rgb(0, 0, 0); vertical-align: baseline; white-space: pre-wrap;\">As the title suggests, this article has been written in response to this <a href=\"https://troubleandsqueak.com/2015/04/25/anarchists-it-is-our-duty-to-vote-in-elections/\">article</a> </span><span style=\"background-color: transparent; text-align: justify; font-size: 11pt; font-family: Arial; color: rgb(0, 0, 0); vertical-align: baseline; white-space: pre-wrap;\">which was written over two years ago just before the last UK General Election and as Hillary Clinton was beginning her campaign for US presidency. Coming from my own knowledge and beliefs on voting I was surprised when reading fellow anarchist Paddy Vipond&rsquo;s article that he omitted major anarchist arguments against voting. In addition to serving as a response to Vipond&rsquo;s piece I will discuss what he left out under his headings and address some issues that have become apparent during this current election campaign particularly with the hope that Corbyn&rsquo;s Labour has sparked among the UK electorate and indeed further than that among the international electoralist left.</span></p>\r\n\";s:21:\"node_revisions_format\";s:1:\"2\";s:12:\"node_created\";s:10:\"1497358019\";}i:1;O:8:\"stdClass\":5:{s:3:\"nid\";s:4:\"8488\";s:10:\"node_title\";s:58:\"Yes Duplicity: Irish State, Give Queer Chechens Asylum Now\";s:21:\"node_revisions_teaser\";s:702:\"<p>Will the Irish state offer asylum to queer men in Chechnya (and, in fact, all queer people there) who are enduring a state-lead cam<img alt=\"\" src=\"/sites/default/files/chechnya100%20asylum.jpg\" style=\"width: 400px; height: 251px; border-width: 1px; border-style: solid; margin: 3px; float: right;\" />paign of terror and persecution of the gravest nature, or are queer people&#39;s lives another vote-catcher?</p>\r\n<p><br />\r\n We described both what is happening in Chechnya and the Dublin counter-demo <a href=\"http://www.wsm.ie/c/dublin-protests-chechnyas-queer-concentration-camps\">in detail here</a>, as well as warning against these atrocities being seized upon for an anti-Muslim agenda.</p>\r\n\";s:21:\"node_revisions_format\";s:1:\"2\";s:12:\"node_created\";s:10:\"1493712000\";}i:2;O:8:\"stdClass\":5:{s:3:\"nid\";s:4:\"8450\";s:10:\"node_title\";s:47:\"An account of how #Strike4Repeal went in Dublin\";s:21:\"node_revisions_teaser\";s:547:\"<p>Andrew spent the day of March 8th 2017 recording #Strike4Repeal and has edited this 20 minute video account of how the day went down in Dublin. &nbsp;Below you will also find a &nbsp;text transcript of his account.</p>\r\n<p><iframe allowfullscreen=\"\" frameborder=\"0\" height=\"315\" src=\"https://www.youtube.com/embed/uwINNvCclew?rel=0\" width=\"560\"></iframe></p>\r\n<p>I headed into Dublin early on #Strike4Repeal day because a little birds had told me of&nbsp;the plan to cover up and alter some of Dublin&rsquo;s statues in the early morning.</p>\r\n\";s:21:\"node_revisions_format\";s:1:\"2\";s:12:\"node_created\";s:10:\"1490711109\";}i:3;O:8:\"stdClass\":5:{s:3:\"nid\";s:4:\"8448\";s:10:\"node_title\";s:34:\"Intersectionality - A Basic Primer\";s:21:\"node_revisions_teaser\";s:1074:\"<p>The WSM&rsquo;s politics are fundamentally intersectional. &lsquo;Intersectionality&rsquo; is a fancy word for some rather basic ideas. You can think of it as &lsquo;overlap-ism&rsquo; instead. There are three main points, <strong>1)</strong> that each person needs to be seen as a whole, <strong>2)</strong> that no power system exists in isolation, and <strong>3)</strong> that all forms of oppression and exploitation should be uprooted at the same time.</p>\r\n<p align=\"center\"><img alt=\"\" height=\"312\" src=\"/sites/default/files/intersections.PNG\" style=\"border-width: 1px; border-style: solid; margin: 3px; float: right;\" width=\"500\" /></p>\r\n<p>The first point refers to the fact that real people aren&rsquo;t cartoons. We are each complicated and multi-dimensional. For instance, a person is not just &lsquo;working class&rsquo;. They also have a gender. In general, life for a working class woman will be significantly different than for a working class man, not only because a woman is oppressed by sexism but because class itself is experienced differently.</p>\r\n\";s:21:\"node_revisions_format\";s:1:\"2\";s:12:\"node_created\";s:10:\"1490482800\";}i:4;O:8:\"stdClass\":5:{s:3:\"nid\";s:4:\"8435\";s:10:\"node_title\";s:87:\"Hitting Tesco where it hurts: Strike sees sales fall more than 80% leading to back down\";s:21:\"node_revisions_teaser\";s:1393:\"<p><img alt=\"\" src=\"/sites/default/files/TescoPowerOfStrike.jpg\" style=\"width: 400px; height: 402px; margin: 3px; float: right;\" />Tesco agreed Friday to suspend its attempt to impose a worsening of pay and conditions on its long term workers and to return to the Labour Court, leading to the suspension of the strike.&nbsp; Monday&rsquo;s Irish Times carries a report on just how hard Tesco have been hit by the strike action, the Finglas superstore saw a massive 80% decline in takings.&nbsp; These leaked figures stand in stark contrast to the attempt by Tesco PR to suggest the strike was ineffective and unpopular.</p>\r\n<p>The figures reveal that even those stores which had not yet voted to strike, and which subsequently did not have pickets, saw a decline of 30% in sales.&nbsp; According to <a href=\"http://www.irishtimes.com/news/ireland/irish-news/tesco-sales-fell-significantly-in-picketed-stores-during-strike\">Conor Pope&rsquo;s report</a> in Tesco Clearwater on the Monday before the strike <em>&ldquo;sales were &euro;165,901, while a week later they were under &euro;35,000, a drop of &euro;130,916 or nearly 80 per cent&rdquo;</em> and <em>&ldquo;The fall between the two Mondays across 29 stores of all sizes totalled &euro;827,896. .. A daily loss of that scale would suggest the cumulative impact of the 11-day strike came close to &euro;50 million&rdquo;&nbsp;</em></p>\r\n\";s:21:\"node_revisions_format\";s:1:\"2\";s:12:\"node_created\";s:10:\"1488278536\";}i:5;O:8:\"stdClass\":5:{s:3:\"nid\";s:4:\"8429\";s:10:\"node_title\";s:96:\"A critical look at the Women’s March on Washington and coverage from Dublin solidarity protest\";s:21:\"node_revisions_teaser\";s:482:\"<p><img alt=\"\" src=\"/sites/default/files/WomensMarchDublin.jpg\" style=\"width: 400px; height: 405px; margin: 3px; float: right;\" />Saturday 21st January saw 1000s take part in a Women&#39;s March against Trump in Dublin, a local solidarity march with the Women&#39;s March on Washington. It&#39;s estimated that 1% of the US population took to the streets to protest the Trump presidency that day with solidarity protests in dozens of cities around the world including Belfast.</p>\r\n\";s:21:\"node_revisions_format\";s:1:\"2\";s:12:\"node_created\";s:10:\"1486462807\";}}s:10:\"total_rows\";i:727;s:5:\"pager\";a:5:{s:9:\"use_pager\";s:1:\"0\";s:14:\"items_per_page\";i:6;s:7:\"element\";i:0;s:6:\"offset\";i:2;s:12:\"current_page\";i:0;}}', created = 1503122503, expire = 1503122803, headers = '', serialized = 1 WHERE cid = 'not_wsm:block_1:results:6f171fd0922b167e997398452392a596' in /var/www/public/includes/cache.inc on line 112.
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  • user warning: Table './external/cache_views_data' is marked as crashed and last (automatic?) repair failed query: UPDATE cache_views_data SET data = 'a:3:{s:6:\"result\";a:2:{i:0;O:8:\"stdClass\":5:{s:3:\"nid\";s:4:\"8341\";s:10:\"node_title\";s:57:\"Barricade Bulletin 1 - news sheet of the Derry Anarchists\";s:21:\"node_revisions_teaser\";s:709:\"<p><img alt=\"\" src=\"/sites/default/files/Barricade1cover.jpg\" style=\"width: 270px; height: 381px; margin: 3px; float: right;\" />This is the first of issue of Barricade Bulletin, news sheet of the Derry Anarchists. &nbsp;It is our intension to issue this free news sheet every two months locally to help generate anarchist info and knowledge of class struggle anarchism to a wider audience beyond the boundaries and limitations of the internet. &nbsp;</p>\r\n<p>If you would like to get involved with anarchists locally, to take part in anarchist activity, discussions and conversations, prisoner support or contribute to Barricade Bulletin, then drop us a line to our email:&nbsp;derryanarchists@gmail.com</p>\r\n\";s:21:\"node_revisions_format\";s:1:\"2\";s:7:\"_random\";s:18:\"0.0045041842428075\";}i:1;O:8:\"stdClass\":5:{s:3:\"nid\";s:4:\"1625\";s:10:\"node_title\";s:40:\"Red & Black Revolution 7, published 2003\";s:21:\"node_revisions_teaser\";s:296:\"<p><img src=\"/attachments/jan2007/rbr7cover.gif\" style=\"float:right;border:5px;\" />Articles in this issue include a debate on the Black Bloc, a look at the failings of the Irish Anti war Movement and a piece which explores the anarchist contention that socialism cannot come without freedom</p>\r\n\";s:21:\"node_revisions_format\";s:1:\"2\";s:7:\"_random\";s:19:\"0.01699653921369141\";}}s:10:\"total_rows\";i:71;s:5:\"pager\";a:5:{s:9:\"use_pager\";s:1:\"0\";s:14:\"items_per_page\";i:2;s:7:\"element\";i:0;s:6:\"offset\";i:1;s:12:\"current_page\";i:0;}}', created = 1503122503, expire = 1503122803, headers = '', serialized = 1 WHERE cid = 'Random_PDF:block_1:results:d701b49486a84d4cd29efe1b1fbdd8e3' in /var/www/public/includes/cache.inc on line 112.
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Date:

Welcome to the land of saints and hoarders. The richest 300 people in Ireland have doubled their wealth from €50Bn to €100Bn in the last 7 years. That means the number of people who’d fit in a large pub have enough money to have paid the original bank bailout of €64Bn outright (and still be so rich they wouldn’t have to work a day).

 

The Irish Independent have released their annual Greatest Hoarders List ('Rich List') for 2017. Tallying up the numbers, the 11 richest people in 2017 hold the same wealth which the top 300 had in 2010 - about 27 times more concentrated wealth among the super-rich in 7 years. And yes Denis O’Brien is in the top 11. Man of the people Michael O’Leary is just outside with a modest €1Bn. It's not unique to Ireland by any stretch either - the richest 8 hoarders on the planet own as much as the poorest 50%, or 3.7 billion people, and wealth is actually becoming more concentrated each year.

It goes without saying that the wealth of the vast majority of us has not doubled in the past 7 years. We have been living in another world entirely. Indeed we are just little ants with pocket money to these people, left to suffer to consequences of the schemes made in their private jets and penthouse suites. The fact that such insane wealth can accrue to so few people is a sign that this economic system is irretrievably flawed. What kind of bizarre glitch could allowed this to happen for centuries? How can this be tolerable when the starving hand is denied food and the freezing body is denied shelter? It reminds us that it is a lie to say there isn't enough wealth to go around. There's enough for all of us to live a good life, but this wealth is congealing in an elite like a clotted artery. And it makes you question how anything resembling democracy is supposed to work with this amazing inequality.

It's hard to fully grasp these ludicrous numbers. To put this wealth into some context, consider the following. There are 2 more billionaires on Ireland's Wealth Glitch list than last year. A billion is €1,000,000,000. A billion euro coins weigh as much as 20 Boeing 747s, and would stack as high as 20 Spires. A billion in ten euro notes would create a red carpet which would run the length of the Great Wall of China and still have enough left to bridge between Galway and Nova Scotia in Canada.

But that's only one billion. The richest 300 in Ireland have 100 of these. 100 billion is 1 with 11 zeroes. €100 billion worth of tenners would make 17 return trips to the Moon laid end to end. Yes, the Moon. Truly this wealth is astronomical. The smallest legally allowable apartment in Dublin & Cork is 45 metres squared. 100 billion in ten euro notes would cover the floor space of 19,000 of these apartments. It would take about 14 years and 6 months of constant 14-hour shifts to count 100 billion euro coins. Meanwhile 80% of humans on Earth survive on less than 10 euro a day.

It would take 300 people on €30k/year 11,111 years to make it to €100 billion. If we started during the agricultural revolution, when agriculture was first discovered and used by humans, we'd be finished now. Just 11 thousand years of elbow grease and keeping the head down until the top!

Naturally the phrase ‘self-made’ appears in this list, to which we suggest sending a few billionaires onto a desert island and seeing what great fortunes they concoct out of thin air without an army of wealth creators, A.K.A. employees. And of course each billion that those at the top of the Game of Life scoreboard get means less money in our pockets, as capitalism is largely a ‘zero-sum’ game, a game of winners and losers.

Often we assume that year by year, the further we step into the modern world the better things will get. This is the idea of 'linear progress', like a straight line on a chart moving up. Sometimes this can be true, by accident. For instance in the case of the steady and rapid decline of the Catholic Church's power in Ireland over the last 30 years. Contraception, divorce, decriminalisation of homosexuality, widespread disgrace at child beating and raping (and the cover up), passing marriage equality, legal gender recognition, ever fewer believers, and the abortion ban hanging on by its fingernails. Although it is absolutely driven by the tireless work of thousands, it's a trend we've become so used to that it almost seems like a natural process which happens by itself.

In the case of economic inequality, that illusion is easily shattered. Year on year the wealth divide is increasing, and our societies further come to resemble the savage 19th century rather than the progressive 21st century, as it is branded. This is especially unsurprising given that while our high technology is cutting edge, our social institutions are the same as those of the 19th century, and before, for example parliamentary 'democracy' which developed as a fudge between absolute monarchy and actual democracy.

As innocuous as this idea of 'linear progress' might sound, it's crucial that we believe this in order for this society to stay the same - for instance, to keep the same economic model of private ownership, wage labour, and profit. It’s a crucial ruse. The only real way of defending things as they are - apart from crying 'there is no alternative' - is to make the majority believe that ultimately life is improving. Each year society becomes more advanced and good - the story goes - progress continues, and so there's no need to fundamentally change anything. Gradually all these problems will work themselves out. It's very similar to the often ridiculed 'Invisible Hand' idea.

One clear lesson to be learned from this is that linear progress is a myth. In many ways in 2017 the leaves on the trees are turning yellow and dying rather than sprouting to new heights. This is only surprising if we see progress as a function of time rather than of the balance of power between the exploited and exploiters. Indeed there's no law of nature which says that history cannot go 'backwards', as we are seeing with the recent rise of the far right in several countries.

The point being that if we at all expect society to gradually become fairer of its own accord, by centrist, or even left, governments tweaking things here and there, we will constantly be surprised. It's in the basic nature of this economic system for property to gather into fewer and fewer hands. The only thing which has ever reversed this is people like you and me banding together so that the rich and mighty can’t pick us off one by one, particularly in trade unions. And even then, big business swung back when the union movement declined because while the balance of power had changed, the system underneath it all was the same all along.

How long until one person in Ireland owns as much as the top 300 did? How long until 1 person owns as much the poorest 50% on Earth? We can expect to be in the dark ages of 2200 if we, the wealth creators, don’t take charge of our destinies together.

 

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