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6 March 2009March 6, 2009

The origins of the economic crisis

Economic Note on the factors which caused the 2007 worldwide economic crisis

The origins of the economic crisis

Both the left and the right view the present economic crisis as a consequence of greed and a failure of capitalism. On the far left, for example, a spokesman for Britain’s Socialist Workers Party talked about a “crisis of capitalism.” The Front National, a far-right French political party, makes the same diagnosis and defends “a powerful state as a regulator and a referee against international financial speculation.” Is it true that the current crisis represents a fundamental challenge for capitalism?

Links of interest

Media release:
 Government intervention caused the economic crisis

Both the left and the right view the present economic crisis as a consequence of greed and a failure of capitalism. On the far left, for example, a spokesman for Britain’s Socialist Workers Party talked about a “crisis of capitalism.” The Front National, a far-right French political party, makes the same diagnosis and defends “a powerful state as a regulator and a referee against international financial speculation.” Is it true that the current crisis represents a fundamental challenge for capitalism?


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