The global financial crisis demonstrates that capitalism is inherently unstable and crisis prone Custom Essay
Evaluate an organization (or my organization) in terms of the checklist (developed in Module 4) of qualities and develop a plan for change to address the areas of need. Use course readings and other selected articles and materials to support my evaluation and plan.
August 3, 2017Application essay
August 3, 2017The global financial crisis demonstrates that capitalism is inherently unstable and crisis prone Custom Essay
An economy based on capitalism is inherently crisis-prone. This is because it is under the influence of forces that make it unstable, self-destructive and anarchic. Since the 1930 crisis, capitalism has been experiencing its greatest crisis globally (Mayobre, p 216, 1999). The global markets have been characterized by plummeted stock markets, a long recession in prospect and the banking systems being saved from meltdowns through government interventions in countries such as Britain, and USA among others (Maiti, p 2, 2010). With such effects brought about by the global financial crisis recession is in prospect. I strongly believe that capitalism is on the collapsing verge.
