After the collapse of socialist systems, the capitalist system is estimated to be shrinking. Limit signs in his end of the capitalist system can be seen from increase credit derivatives, from Rp. 500 trillion in 1998, to Rp. 24 000 trillion at the end of December 2002. Not to mention the amount of bonds that default to USD. 1650 trillion, an amount far greater than the number of bond defaults during the previous 20 years. Ready to fall with this system or looking for an alternative system?
Showing posts with label Capitalism. Show all posts
Financial disaster struck the country the superpower United States. Several world-class giant banks that have mastered to various parts of the world fall. Starting from the bankruptcy of Lehman Brothers, the giant banks and giant financial company Bear Stearns. Moments earlier, the U.S. government was forced to take over the largest mortgage companies in America; Freddie Mac and Fannie Mae while Merrill Lynch had not much different conditions to be acquired by Bank of America. Finally the largest insurance company AIG (American International Group) shows the same critical phenomenon.
Friends
Visitors
 |