tag:blogger.com,1999:blog-6245381193993153721.post8332916198734502763..comments2024-03-28T17:08:15.784-07:00Comments on Social Democracy for the 21st Century: A Realist Alternative to the Modern Left: Capital Controls, Financial Regulation and the Global Economic Crisis of 2008–2009Lord Keyneshttp://www.blogger.com/profile/06556863604205200159noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-6245381193993153721.post-40847399057276385382009-11-11T02:17:14.198-08:002009-11-11T02:17:14.198-08:00I appreciate everything you have set out and moreo...I appreciate everything you have set out and moreover there are some few thing I would like to add. <br />First of all, it is false to deal with only two parties. There is no economic unity in the west as well as there is no in the east. Second, the subprime crisis causes the financial crisis and so it hits some countries of Europe immense, because they (not east-asian countries) have invest in the US Real Estate market as well as in risky deals of the financial market. Especially countries whose financial market is almost completely regulated by private banks struggled. <br />Third and more important, such crisis are common and normal for an highly unregulated financial system because it is build on bubbles because of its risky and allowed financial transactions which have only a fictional value instead of real goods. But one thing we could learn of the crisis:<br /><br />The thesis that a bank could be too big to fail is false. And if the governments had not invest a lot of money into the financial market even more banks would have crashed.DunedinIntelligenzBlattVideoshttps://www.blogger.com/profile/12423432954391465745noreply@blogger.com