 CAPITALISM – CORRECTION OR CHANGE? COMPARISON OF SOME ECONOMIC SYSTEMSSterian Gabriela
Romanian Economic Business Review, 2010, vol. 5, issue 4-1, 73-83 Abstract: In an increasingly globalized world, issues from a part of the system quickly reverberate elsewhere, and the way globalization has been managed raises high risks with little benefits. We need a coordinated global response, but each country thinks of its own good. The world has a major problem: it thinks freedom in space limits and waiving the limits is a hard thing to accomplish, as benchmarks and familiarities are doing the subject of current human consciousness. There is a battle of ideas that led to the failed policies, which have precipitated the crisis. Economic, ideological and relative fights have appeared to the distribution of wealth. Flawed perspectives led to crisis, both economic and moral, and the main factors of economic and political decision have seized the problems too late. It is underlined the failure of government in managing the repercussions. The policies adopted were similar to those taken with other crises, so they were subject to failure from the start. They betrayed a lack of understanding of the laws of modern macroeconomic core. Fundamentalism creates not only expensive adversity, but also devastating crises. Keywords: capitalism; crisis; individualism; market; hegemony; United States (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:rau:journl:v:5:y:2010:i:4-1:p:73-83 Access Statistics for this article More articles in Romanian Economic Business Review from Romanian-American University Contact information at EDIRC. |
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