The ineffectiveness of state as a controller and owner

Mirosław Bojańczyk

MPRA Paper from University Library of Munich, Germany

Abstract: The global market is largely a game without rules and without an arbitrator able to dispense necessary medicine. Undoubtedly, the crisis has caused the emergence of new challenges, which require the active role of the state in various areas. States play the role of owners of companies and market regulators. Unfortunately governments were not performing these functions adequately. Those therefore, who themselves committed many mistakes, must improve not just the mis-functioning market, but also a defectively functioning state; or, to put it otherwise, they must improve themselves.

Keywords: state; capital markets; regulations; financial crisis (search for similar items in EconPapers)
JEL-codes: E44 G01 N20 (search for similar items in EconPapers)
Date: 2010-05-15
New Economics Papers: this item is included in nep-reg
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