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Business as Usual: The Economic Crisis and the Failure of Capitalism
The general consensus is that the world’s economic difficulties can be traced to a crisis in the financial system. Initially brought on by the collapse of the subprime mortgage market in the USA, it spread through a financial landscape defined by high levels of debt and speculative risk. Some point to the dangers of collapse inherent in the modern financial system, while others blame long-term imbalances in the world economy between low-investment, high-consumption areas like the USA and rapidly developing regions such as China and South Asia.
ISBN 13: 9781861898012 | ISBN 10: 1861898010
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