The root causes of the financial crisis and countermeasures (translation of Chinese title)

Cockshott, W.P. and Zachariah, D. (2011) The root causes of the financial crisis and countermeasures (translation of Chinese title). Central Compilation and Translation Bureau China,

Abstract

Translation of Chinese Abstract:<br></br> U.S. Journal "Science and Society" in July 2010 were published in the Paul test Kexia Te entitled "The credit crunch: the origin and countermeasures," the article. Of the 20th century by reviewing the history of the evolution of capitalism that the neo-liberal tilt to the rentier interests led to non-productive sectors and the economy are increasingly expanding their financial prosperity is the root of the crisis. Er today's financial system has played a feudal society, the role of the feudal nobility and the clergy, through which the savings society increasingly allocated to the bankers, the Air Force fighters and soldiers, leaving the social impoverishment. Disappearance of the world's demographic dividend is the profit-driven capitalism, which by the way of production of the important reasons is difficult to maintain. 。 Proposed abolition of unfair debt, elimination of the exploitation and investment in social and other coping strategies.

• Item Type: Articles
• Additional Information: Chinese translation of the article 'Credit Crunch Origins and Orientation' that appeared in Science and Society. The original English is a refereed publication.
• Status: Published
• Refereed: Yes
• Glasgow Author(s) Enlighten ID: Cockshott, Dr William
• Authors: Cockshott, W.P., and Zachariah, D.
• Subjects: H Social Sciences > HX Socialism. Communism. Anarchism; H Social Sciences > HB Economic Theory
• College/School: College of Science and Engineering > School of Computing Science
• Journal Name: Central Compilation and Translation Bureau China
• Published Online: 16 February 2011