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Will the current financial crisis be the end of capitalism? It will not, says Fareed Zakaria Chief Editor of Newsweek International. An interesting essay and sophisticated argument from the celebrated journalist.
A few years from now, strange as it may sound, we might all find that we are hungry for more capitalism, not less. An economic crisis slows growth, and when countries need growth, they turn to markets. After the Mexican and East Asian currency crises—which were far more painful in those countries than the current downturn has been in America—we saw the pace of market-oriented reform speed up. If, in the years ahead, the American consumer remains reluctant to spend, if federal and state governments groan under their debt loads, if government-owned companies remain expensive burdens, then private-sector activity will become the only path to create jobs. The simple truth is that with all its flaws, capitalism remains the most productive economic engine we have yet invented.
June 14, 2009 at 12:00 pm
Global financial crisis is the impact of the economic growth of developing countries.
June 15, 2009 at 4:45 am
Duhh bingung harus bilang diriku
crisis financial moga diriku enggak yahh mas
Wisata SEO Sadau last blog post RUSLI ZAINAL SANG VISIONER
June 15, 2009 at 5:36 am
I don;t agree with that!
Capitalism is NOT the productive way to boost our economy. I realize that our country is still developing, but capitalism isn’t the only way to implement. Why don’t we do a balancing economic system as said by SBY? A harmonization between capital investment and community based economu…
June 17, 2009 at 12:28 am
postingannya selalu mantap
June 19, 2009 at 9:09 pm
Great .. a harmonization between capital investment and community based economic …
Kapitalisme yang terkontrol kira-kira, sembari kebijakan yang mendukung sektor usaha mikro.
seperti sebuah unit mobil yang di produksi oleh Toyota Jepang, ternyata di ratusan sparepartnya di buat oleh ratusan UMKM ….
Jadi, system kapitalisme justru bersinergi dengan usaha kecil menengah
di Indonesia agak berbeda, ada link yang putus, dimana arus modal kapitalisme hanya berputar di sektor pasar modal, tetapi tidak masuk ke sektor riil dan manufaktur
( informasi yang saya tangkap karena kebanyakan nonton berita ekonomi di metro dan tvOne
)