FINANCIAL CRISES

Authors

  • Ljubo Jurčić Faculty of Economics, Zagreb

Keywords:

financial crisis, neo-liberalism crisis, debtor crisis, banking crisis, currency exchange crisis, stock exchange crisis, economic crisis.

Abstract

It seems that all generations are sinful. This generation has also failed and allowed for the crisis to happen of debtors, banking, currency exchange, stock exchange and economy. It is obvious that we have become the victims of uncritical liberalism and globalisation without regulation. Greed for wealth has endangered (victimised) a feasible progress of the world. Instead of producing new, useful goods and services, the production has begun of worthless 'securities'. Millions of people have been lured into this scenario and the biggest deception of the civilisation has taken place. In order to heal the wounds, we need a new ideology to be trusted by people, and new technologies to create new products as well as the services in production of which new jobs will be generated. Also, a new energy is necessary to carry and bring into motion all this.

 

References

Galbraith, J.K, (1975) Money, Whence it Come, Where it Went, Houghton Mifflin Company, Boston.

Gray, J. (1998), False Dawn, The Delusions of Global Capitalism, Granta Books, London.

Kindleberger, C. P, (1996), Manias, Panics and Crashes, A History of Financial Crises, John Willey & Sons, Inc. New York

…. (1996), The New Palgrave, A Dictionary of Economics, Volume 3., McMillan Press, London.

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Published

2021-04-21

How to Cite

Jurčić, L. . (2021). FINANCIAL CRISES. Acta Economica, 7(10), 59–70. Retrieved from https://ae.ef.unibl.org/index.php/ae/article/view/235

Issue

Section

Preliminary Communication