1Fundamental Themes
THERE ARE SIX FUNDAMENTAL THEMES THAT REFLECT THE BASIC causes, consequences, and cures of the financial crisis and the ensuing Great Recession. These themes outline the essential ideas that must be understood and that will be discussed in detail in the following chapters.
1. Government policy is the primary cause of the financial crisis. We do not live in a free-market economy in the United States; we live in a mixed economy. The mixture varies significantly by industry.
Technology is one of the least regulated industries in the United States. It should be noted that technology continued to perform well in the difficult economic environment.1
Financial services is a very highly regulated industry, probably the most regulated ...
Get The Financial Crisis and the Free Market Cure: Why Pure Capitalism is the World Economy's Only Hope now with the O’Reilly learning platform.
O’Reilly members experience books, live events, courses curated by job role, and more from O’Reilly and nearly 200 top publishers.
