The Great Financial Crisis: Causes and Consequences

The Great Financial Crisis: Causes and Consequences
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The Great Financial Crisis: Causes and Consequences Description

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In fall 2008, the United States plunged into a monetary crisis worst considering that the Wonderful Depression. Considering that the collapse of banks and the government scrambled to organize one of the largest transfer of wealth in history, many, which includes economists and financial specialists, was shocked by the speed with which events this unfolded.In new book, John Bellamy Foster and Fred Magdoff offer a bold analysis of the monetary crisis, its trends, and implications for the future. They examine the details of the crisis housing bubble and credit and to present current events in a broader crisis of monopoly capitalism-financing has been pregnant for a number of decades. It is the tendency of the “real” economy to stagnate productive, they say, creates a will need for capital to uncover methods to profitably invest its surplus. But rather than invest in socially helpful projects that could benefit from the vast majority of the capital built a financialized “Casino” ec The Great Monetary Crisis: Causes and Consequences

\n\nThe Excellent Monetary Crisis: Causes and Consequences Ebook

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