Unfortunately, to enhance the perennial expansion of the global capitalist system, the engine is also in the other a frequent accidents disaster.
profit of oxygen as a capitalist company, is a capitalist undertaking and the capitalist market system exploiting the boundary of the engine. Without profits, the capitalist enterprises and the universal capitalist mall system too ambition stop breathing. To this end, capitalism have to leftover not exertion to open up any latent source of profits. Historically, capitalism has been in 2 dimensions to expand their revenue streams. One namely the expansion of space measurement, the primary means to amplify emerging markets and frontier districts, which include not only the appearing markets, the appearing nation-state market, merely likewise send fashionable technologies including a new industrial markets. However, at last, is restricted in emerging markets, chief accumulation has been very exuberant in the case, if or emerging markets are quickly emerging industry market congestion at manifold antagonists. Thus, capitalism must do their imagination in another course the time dimension. This is modern finance. By their quite ecology, is a modern financial profit got from the hereafter earnings stream and discounting future profits of one industry as the time. Whether mortgage loans, a kind of futures derivatives, alternatively the capital market, are expected to advance the hereafter are deducted to their present income and profits. Expansion in the late capitalist system, It ought be eminent namely future profits are more than a bolt and overdrafts, capitalist enterprises in the future In the real economy of capitalism more and more the case of weak growth and financial nature of this wizardry into the capitalist expansion and the most fussy means of maintaining vitality, the more the expansion of capitalism, the magnitude of finance will be more prominent. In the United States, for early as the mid-1990s, the U.S. fiscal services sector in GDP has been more than accounted as in the fabrication sector, meantime in 2007, created by the financial services sector accounted for the profit is 40% of U.S. corporate profits . Profits of U.S. reliance ashore the financial sector is manifest. To a colossal extent, the United States is really a financial state, to carry the financial hub of the global market system functions. Wall Street is getting the same in the United States, is a global market system lifeblood. Mirrored the history of a people aware that, in the Netherlands and the United Kingdom during the decline of hegemony, expansion of the earth financial system is an momentous function. In additional words, the financial expansion of the global capitalist market system but expansion fatigue and ultimate period of a significant milestone. Capitalism and geographic dimensions in space development aboard the latent to be doing more in the time dimension is essential to amplify the more mad. The present global financial system for entire to discern growth in virtually geometric expansion of scale and complexity, is portrayed by the use of financial instruments of capitalist frenzy driving to the afterward class. However, the financial system and the enhancement of the more boring to the future, the more their hazard additional. The reason is: the more far future, the more tough to prophesy,
GHD Rare Gift Set, the more the fog of uncertainty. In this sense, based on the imagination of the future of modern finance, is really a honest confidence in the game, are connate with a high degree of instability. This is why, in recent decades, the global financial emergency, the reasons for the outbreak of increasing frequency. Insight into this, we tin comprehend, the new U.S. subprime emergency is not equitable the individual person's greed and negligence led to regulators, but the modern financial system of the interior force dictates. Logic of capitalist profit driven favor a lash as financiers to the crazy time of adventure, driven by the capitalist countries also persist to scale deregulation. More prevalent location is that, to the label of financial innovation, financiers and even accidentally designed to numerous (rarely one quite understand) intricate financial productions in array to give themselves premiums. The regulatory authorities would be cheerful to dumb. This mania of the capitalist era the traditional breed of financial punishment and investment wisdom is backward and the risk to the future, then becomes the most pragmatic nature of the financial period.
expansion in the late capitalist system, finance is often dominant, become sovereign, in this situation under the capitalist countries are forced to vague opinion to encourage risk-taking for the conservation of financial capital Doctrine ahead impetus profits, but once the adventure into a catastrophe, with the modern financial the nature of public merchandise (the failure of any financial enterprise may cause a fetter reaction which contained thousands of families it has already completed scope), the Government must be the taxpayer's money to foot the bill. This in turn encourages the modern financial industry, the spread of moral risk. This situation continued in recent decades, financial crises,
GHD Blue Styler, we have become commonplace. A financial commentator correctly commented: bit commentators seem to realize: the political legitimacy of modern finance is precisely the wastage embedded in the inner logic of capitalism in the essence. ) Financial practitioners salary is distant higher than other industries, not because they actually disbursed a greater effort than others or have more wisdom, but because of financial profits in the creation of life and then to maintain the non-capitalist replace the location. A real sense of humor is an international investment bank's staff received a 50 million pounds in the year-end bonuses, the aloud expressed his dissatisfaction: modern financial professionals deliver oxygen, he does have emboldened to publish such a grumble.
However, as capitalism in the geographical and space necessary to develop is the same as the end of the financial raking in profits in the future also faced with certain limits, the financial source of profit can not be extended to the infinite future. When all the parts have become capitalist, capitalism, when all regional inhabitants are in debt, and have pledged their future to the time when financial capitalists (not to mention the various types of mortgage loans in the United States and other age capitalist countries, in emerging middle class market, which also reached a very common level), capitalism can also absorb energy from somewhere, and continue to move it?
is worth mentioning that, as the center of the global market system, the United States has been sponged by the world's savings to maintain financial expansion,
GHD Hair Ireland, but this skill is at this time, was badly hit by the subprime crisis. In the late 1990s eastern financial crisis, the global savings have flocked to the U.S. stock market and bond market for hedging, and in the United States, the wave of the outbreak of the new economy, just savings for those hedging provides maximum room for imagination. Cisco, Yahoo, Microsoft, these fabulous savings for global companies with a mighty beg. In the pinnacle period, the market amount of the stock market in the United States accounts for approximately 50% of global stock market capitalization. The new economy is not only the financial system for the global market provided the momentum for expansion, but also a colossal measure of surplus dollars worldwide provides a reservoir. It brings an accidental consequence is that the greenback depreciation has a very long and began using borrowed. However, with the new economic attributed to quiet, and in the sub-prime crisis in the United States itself exposed the vulnerability of financial markets, the attractiveness of U.S. financial markets have been reversed. In the current financial crisis continues, the global savings is not in the pursuit of those twinkling in the 1990s, the so-called bulk agricultural products, etc., which means that very strong historical turning point. In the foreseeable future, the U.S. financial markets is difficult to rebuild a similar marvel of the new economy, U.S. financial markets will not be very enchanted area, it is no longer secure or sheltered place. So, in the elapse continuously flock to Wall Street, the historic capital will stop or even behind there. Financial centre in the global market system on Wall Street once this happens to brand the expansion of the global market system, the driving force approach the failure of financial risk, it also indirectly build up the collapse of the dollar (the U.S. capital market has been the strong dollar and indirectly support the absorption of excess an important element in the dollar). However, this situation is not simply mean that other capital streams, a currency strong or some other financial markets, but the difficulty is the next: global capital flows will become more muddle, the trend of losing their homes will also be more hot money adrift ,
GHD, and the financial turmoil will become more frequent.
All in all, build up frequent episodes of financial crisis, in fact,
GHD IV Styler, the global capitalist financial system - an active volcano, is entering an active phase of the clear signs. A kind of sub-prime crisis is not the end of a cycle of economic cycles, but after World War II the United States as the center of a larger global market system, the beginning of the crisis cycle. Subprime mortgage crisis is not a single crisis, but a part of a series of crises, is the global market crisis, a clear signal. It is a symbol of modern finance and, accordingly, also be a character of modern capitalism is entering a extremely mercurial era, and alike, it may also symbolize the financial provision for the expansion of the global market system to provide power is rapidly sliding into a spiral period of decline in failure. It appears that the American system of capitalism after the Cold War era of the glory of the agreeable times really add to the body over. An even more worrying prospect is: a period of 6 decades after World War II era of the American system is the stage of history.
If we are the global capitalist system after World War II is just assumption proved to be correct, then we have gone the eve of magnificent changes in the world. Along the clues have emerged without any imagination, we first saw a disgustful picture of global stagflation. Specifically, it is the developed countries and emerging countries of the lag inflation.
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of: DDT001 Time: 2008-8-2 02:21 www .6 park.com
global system present among emerging markets generally at rapid industrialization period claim elementary resources can the supply of global resources has posed a severe test. Factor in terms of population, industrialization is the history of mankind is the second largest industrial and final stage of industrialization - nearly 4 billion people worldwide will also jumped into the middle level of development. Once the country's industrialization and urbanization completed, the extensive majority of the world population will complete industrialization. Therefore, it is not the test of own resources of these industrialized countries, carrying capacity, but the test has been flourishing on the planet for hundreds of years of industrialization and capital manoeuvre, resource carrying capacity. Or we simply say that it is suitable for industrial culture on this planet is really a final decision. Only from this perspective, we can really understand the current argue is creature staged in the history of the global nature of inflation. Although, in the whole history of industrial civilization, people beings continue to answer through innovation system resource consumption of industrial civilization. However, capitalism and modern consumerism go hand in hand, in essence, is still inclined to pillage and eventually escape out of natural resources. Can take vantage of the rarity of the capitalist market, but must not break scanty. Unfortunately, as we scrutinize the reality in China, the emerging market countries inherited almost absolute pattern of the worst industrial civilization. In China, resource consumption, consume and environmental pollution have reached belling proportions. But here, we do not ambition to justice capitalism and its ultimate fate of modern consumerism, but to browse China as the representative of the new circular of global industrialization and what will bring the global price of what kind of shock? Part of the question to this problem has been constantly updated through the history of oil prices, agricultural prices and the prices of almost all the staple products have been chapter of the answer. However, thinking China, India and other countries of the industrialized I'll say. complete, and the emerging countries has long been command in the global investment surroundings, resources, fatigue costs of utmost depression and overdrafts (the intensification of internal contradictions emerging countries no longer permit The bottom line of the bid without continue), we believe the current surge in global prices have been ridiculous, may also be just the opening. Prices of these products following the trend, may also make most people - they think the price of elementary resources is only cyclical rise continuously unsuccessful. Unless China as the representative of the industrialized or emerging market countries to stop the Great Depression, or not even a temporary gainsay of this price trend. And obviously, this is a political die end. In most emerging market countries, not to mention depression, even if the growth slowdown is caused by a chain of consequences of unemployment are politically unbearable. However, for most emerging market countries, inflation is also not stomached (even now it is accompanied by high economic growth). In the next period of time, most emerging market countries can do is, between the growth in inflation and the poise for a high-risk, as usual today we have seen in China. The reason is a high-risk balance, emerging market countries because of absence of control means to maintain this poise. Basic curing in the global industrial chain, today, past a closed economy both in the means of forcible control lapsed, and the most solemn is that the countries most in need of resources about resource prices can not the international price, which is precisely the basic products the amount of days they need to import. In other words, they can not control the resources they most need to control prices. For emerging market countries, it is their for a long period of time will face the most helpless and most horrifying prospect. The slightest fault, inflation out of control and accordingly chains may lead to a catena of social disaster. In fact, in recent months among the Malthusian forecasts have been portion of the cold low-income developing countries in the resurrection (as in Egypt and Thailand, because of rising edible prices and riots, which is not seen in different years like)). There is no doubt that we have been very close to a desperate combat for global resources. Emerging countries to defend their jobs, ease domestic political conflicts (no stuff how much they will create surplus, which is thus to promote their efforts in the global fight for market), will play in this especially spirited in the war for power. Economic means does not work, or even to resort to more extreme political means, a similar episode in the history of the world in different stages of industrialization, there is a pattern.
for emerging market countries by the global inflation triggered by the adult countries do not have a solitary immunity, it sparked the same disastrous efficacy. Appears 1st consequence is that global inflation will be substantially lowered the expense power of the developed countries, and then will be represented within the system developed by the United States skirmish with depression finally dragged into the edge of economic abyss. Political permanence as a foundation for developed countries to the medium level, already underwent heavy losses because of the globalization process, economic stagnation and even recession naturally motivate beyond their political protest. Not long antecedent the U.S. Congress inquired to investigate the fact that OPEC's treatment of oil amounts, politicians appear to have sniffed out a potential political stresses and begin to take operation in advance. Seriousness of the problem is: As the financial expansion, new economic growth engine of the failure (of way, include the globalization in full swing since the 1990s due to large-scale industry, behind the transmit), the developed countries will be a long recession. And inflation only hasten this process, and make long-term recession in the U.S. attitude become clearer. U.S. subprime crisis and afterward the spume explode in 1990 is quite similar to Japan. After that, Japan has capable the ache of more than a ten-year of economic stagnation. Well, the United States? Regardless of what occasions depression, one entity is very clear, that is: the U.S. social structure and ideology of tolerance depression much more brittle than Japan.
developed countries and emerging countries, long-term stagnation, inflation, combined to picture the future of the global market system. Can be described as half water, half fire.
such a picture, so many people meditation of agitating the 1970s. The same high-growth emerging countries, the same oil crisis, soaring commodity prices the same, the same money unrest, the early 1970s, the economic crisis and today this scene reiterate itself. If we mention that the early 1970s, stagflation, and currency uproar in the U.S. (Nixon shock) is the global market system was emerging countries such as Japan made to accustom to the fast heave, then the global system today is China, India and other emerging industrialized countries would make more bitter adjustments. And it will be via the United States the first symptoms, the system of economic hegemony reflected. However, only the current global economic crisis in the 1970s likened to the oil, probably overly optimistic. Currently within the emerging global market system of countries and developed countries are completely differ stages of development, the domestic social conflicts are also alter, which determines not only their consistent macroeconomic policies, and even may not have any coordination. In this sense, the current global market system has basically lost control of the function, is not reform. On the one hand is the global market system has been in dire straits, and on the other hand is the reconstruction efforts of this system there is no progress. In this context, people often hear is no sense of urgency in Mandarin: reinforcing plan coordination between countries. So, the global market system today is facing an extremely dangerous to the possible: the expansion of emerging countries and developed countries of the lag effect of a colossal affirmative feedback, which afterward lead to system breakdown. The danger in the future of global economic history of the mirror, mate almost to breakdown in the morn of the British hegemony. At that time, the profit of the capitalists approximately to look also crazy commitment to the establishment of a global laissez-faire market system, the result is a war, one after another outbreak of World War II, the system hegemony and the system itself without warning in case of an immediate break. The global system into muddle, the global system of nation-states have fled into exile their way. Polanyi has prompted us, It is based on a historical understanding, that someone has to remind us: We are facing a similar to the Great Depression of the 1930s.
never a easy repetition of history,
GHD Purple Styler, but in a war, the mars of World War II, set up on the American system into chaos during the big bang, but it is unmistakable. This is the American system of the autumn season, losing their leaves in late autumn one. We can not predict the explosion would be a huge system, and in what manner and when the end, but certainly full of melee, clash, and even killings. Changes in this system, when any of the before sixty years been regarded as sacrosanct in the wisdom of economic treatment will be to no advantage. And that economic growth is at the pate of China Xing, will presently face. This global system as an important membership of China's fate and the reputation of this system has a mysterious decline kink. A considerable extent, the fate of that system, the destiny of China. But history is curious glowing out: China can not continue to behalf from the decline of the system, but it will not collapse from the benefit of this system. Obviously, this situation than the Chinese nationalists who childish phantasmal state of mind in a dangerous illusion of the outline - they are all imagined that the decline of the United States is equal to the rise of China, to the more unexpected. Before the end of the Cold War, the inventor of the end of history suggests that we have been optimistic: about the end of capitalism and democratic values will be a new world under the long-term truce and boom eternal era. However, the era has begun, optimistic forecasts than those who have to many dangerous. History, almost not meet the aspirations of any ideology.
Into the breakdown of the U.S. system, (2 )
Linear Mode
