Financial Infection and Vaccine Theory: A General Critique of Crisis
Küçük Resim Yok
Tarih
2011
Yazarlar
Dergi Başlığı
Dergi ISSN
Cilt Başlığı
Yayıncı
Maliye Bakanligi
Erişim Hakkı
info:eu-repo/semantics/closedAccess
Özet
Financial infection is a global defect or disease of capitalism which is getting worn out day by day. This infection create crises in the form of L, V, U or W and its aim is to destroy the immune system of the economy it enters. There are specific symptoms of this disease, vary from country to country. In general, the multi-national banks' liquidity crisis, the pressure of excess aggregate demand or excess aggregate supply over the real sector, inappropriate economic policies of governments, etc. play a role in the emergence and spread of the financial infection cases. 2008-global crisis with its continuous effects up to now can be called the financial infection, like 1929-crisis. Against infection or for disinfection, every modern economy resorts to the traditional policies. The Central Bank's and the Treasury's financial resources are provided as a kind of painkiller, and/or antibiotic. In this subject vaccine can also be brought to the agenda as an optional medicine. Of course, vaccines in the health sector are not to be vaccines which can be developed for the financial sector. This is only issue an analogy and comparison. In today's world, capitalism is the dominant system, and a vaccine-like treatment of the capitalism is also to be found inside the system itself. It is beneficial for all globalized countries, including Turkey, to obtain a vaccine scorecard which shows type, date and possible side effects of the vaccine and to act according to it, for the recovery from infection with minimum risk. In this study, which tries to develop a vaccine theory for the global economic crisis (also called financial infection), it is verified that each economy of the world has a sui generis period and a sui generis type of falling into a crisis, being recovered from a crisis.
Açıklama
Anahtar Kelimeler
Financial Infection, Vaccine Theory, Capitalist Crisis
Kaynak
Maliye Dergisi
WoS Q Değeri
N/A
Scopus Q Değeri
Cilt
Sayı
160
