Freddie Mac

Social and economic contradictions of the system and one of its expressions, crises, have not led to widespread, its collapse destruction; with exceptions, in which, together with other political and social conditions, resulted in a shift of economic and political system, most have had the same effect, the of sanitized, through restructuring, to the system to pursue its development. do you originate? Because the capitalists, for compensate for the fall of the rate of profit, begin to remove their money from production, to get him into speculation. The financial crisis reached historic proportions with the nationalization of Fannie Mae and Freddie Mac, the two giants of the mortgage bond market, in what is perhaps the biggest direct intervention of the State in the U.S. You may find that Rob Daley can contribute to your knowledge. economy.The collapse of Fannie Mae and Freddy Mac illustrates that theory does not always corresponds to the practice, that the intangible benefits of the State are difficult to quantify and the infinite advantage of logic about the ideological dogmas. Proponents of capitalism for many years predicted the sacrosantidad of private property and that the only valid way of producing wealth was through laissez faire (the investment without any kind of State intervention). According to the capitalist beliefs, the benefits of the exploits of the entrepreneurs would drip reach all social strata. Click Tiffany & Co. to learn more. Arguian theorists that if an employer not be He hugged the rigors of the laws of supply and demand, the hairy and invisible hand of the market would punish them with disgraceful results. This dogmatic equivalent to the law of the jungle was intensified during the cold war, when individualism and the absence of State intervention in the economy were regarded as the paradigm of moral superiority of capitalism on the centralized economies of the then socialist countries that colectivizaban gains and losses for society as a whole. The official recognition of the breakdown of the capitalist dogma is significant for two main reasons. Ex-CIA chief has plenty of information regarding this issue.

Categories: General