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ABSTR ACT: The literature is abundant with studies about income inequality, consumption, public and household debt but scarce with studies about the corporations and their corporate power. This paper shows that corporate power influences increased consumption in order to secure its investments and provide sufficient demand. Secondly, rising consumerism influences growing household and public debt with multiple transmission mechanisms that work simultaneously and reinforce each other. Thirdly,doi:10.21739/ibr.2015.12.19.4.155 fatcat:xrfhm336mzaujlqipdnjgxxfbi