ResearchBib Share Your Research, Maximize Your Social Impacts
Sign for Notice Everyday Sign up >> Login


Journal: The Scientific Journal for Theory and Practice of Socio-economic Development Socioeconomica (SJSECO) (Vol.1, No. 1)

Publication Date:

Authors : ;

Page : 62-79

Keywords : Market fundamentalism; Neo-liberal capitalism; Recession; Economic tyranny; The victims;

Source : Downloadexternal Find it from : Google Scholarexternal


Contemporary world economy is under attack financial crisis that has escalated into a global economic crisis, but has also affected almost all aspects of society from social, political, moral, ecological, to the culture. From an economic point of view of the whole world faces the collapse of productivity, unemployment, the disappearance of the middle class, reduced growth rates and the necessary measures to establish a financially architecture. "welfare state" trying to leave the hegemonic ideology of the holy trinity of Friedman's, however, on the other side coming to the necessary financial resources become more expensive. Whereas the consumer mania that marked the beginning of the XXI century winding down, the other by a growing number of poor people and those who are at risk of poverty. As in previous crises, which occur in cycles since there is a financial market, one social class is beginning to disappear. The negative consequences of the global economic crisis are numerous, but also many negative consequences of school capitalist neoliberalism and market fundamentalism, which has for decades represented a smoke screen behind which to hide his basic goal: to maximize its profits at any cost. In times to come to the state of being financially prudent and to create the best conditions for new and more humane social order.

Last modified: 2014-02-03 23:46:29