21st Century Capitalism

Capitalism in the 21st century Capitalism in the 21st century. Author: Robert Heil Bronner. (New York: Norton, 1993 .175 pp, 17.95 dollars) National work: preparation for capitalism in the 21st century. Robert Reich. (New York: Vintage, 1992, 339 pp, $ 14.00) There is no doubt that the 20th century witnessed some of the most important economic events in contemporary history. For example, the Great Depression ended capitalism, the promulgation of New Deal denied the principle of laissez-faire to restore the economy.

Capitalism became a global economic system by the beginning of the 21st century. The collapse of the Soviet region in 1991 greatly reduced the impact of socialism as an alternative economic system. The socialist movement continues to influence certain regions of the world, especially Latin America 's bolivarism, and some of them have become more traditional anti - capitalist movements, such as the relationship between Bolivar Venezuela and communist Cuba It is relevant. After the financial crisis of 2007-2010, some people believe that state intervention in the global capital market has shown a free market capitalist crisis. The serious turmoil in banking systems and financial markets is partly due to the sub-prime mortgage crisis reaching a critical stage in September 2008, which is characterized by a severe shrinking world credit markets, It poses a threat to the survival of investment banks and other financial institutions.

Two years after the first economic crisis of capitalism in the 21st century, it was anxious everywhere policy makers were waiting to see if we passed the lowest point of the global recession. Did the economy finally gain momentum after the worst economic crisis since the Great Depression? In world trade and the "green shoot" seen in the US and EU stock markets, is investment in public infrastructure in China and Brazilian exports a forerunner of sustained economic recovery? When this book was published in September 2009, the Organization for Economic Cooperation and Development, the World Bank and the Economist of the International Monetary Fund began to recognize that the world economy is certainly stable (OECD, 2009).

There is no doubt that the global capitalism of the 21st century is more complex and resilient than the emperor Russia before the revolution. The transition from capitalism to alternative political and economic systems can play a long-term role even if it is driven by the revolution. In almost the same way that feudalism was developed into capitalism by the double industry (economy) and the French Revolution (politics), bourgeoisie replaced the aristocratic order before the British Civil War of the 17th century.

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