The state failed, not capitalism
August 20th, 2010
Economic, especially financial crises are the most in the public failure of capitalism – attributed – that the economic system that is based on full respect for property rights of actors Mark. The free markets are not functioning, it is to hear in the face of recession and unemployment, and the public will cry out loud, the state must intervene in the market in order to avert worse and to ensure improvement. Readmore…
The debate over whether the government supports with other rescue the banking sector has, after the events at the Commerzbank and Hypo Real Estate regained intensity. A central element of this discussion is the question whether so-called bad bank to be part of these support measures. This paper attempts to show what could have advantages such a solution, if implemented correctly.