|
|
|
Economic Perils Rock the World
After decades of sustained economic growth, global economic systems have been hit with a severe downturn which has apparently been the result of a lack of confidence occasioned by poor regulation of the credit markets. Governments have infused economies with public funds in order to cushion the crisis. It is ironic that the better part of the 20th century was consumed with an ideological struggle regarding the role of government in economic management. Recent events certainly suggest that modern economies are indeed very dependent on governments for effective regulation and, if necessary, rescue. The ideological debate is now relatively moot.
|
