The Systemic Causes of the Crisis (tags)
The crisis is 30 years old, not 4 years old. The causes of the crisis can be found in the real goods-producing economy, not in the financial markets. The wildly proliferating financial markets did not drag the industry into crisis but kept alive the industry through credit-financed demand.
"Unfortunately some market fundamentalists are at work in the EU who denounce every-thing the state does to protect public goods as distortion of competition.. The globalized market shatters balance of public & private.."