FINANCIAL SPECULATION AS A CRIME AGAINST HUMANITY. FUNDAMENTALS IN THE ECONOMICS HISTORY
The economics history shows that speculative processes often lead toeconomic crises. In today's globalized world, its consequences affect productive work andthe lives of millions of people in many countries, which constitutes a violation of their basichuman rights. It's time to regulate wo...
| Autor Principal: | Garcia Neumann, Jaime |
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| Formato: | info:eu-repo/semantics/article |
| Idioma: | spa |
| Publicado: |
University Santo Tomás, Bogotá
2016
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| Materias: | |
| Acceso en línea: |
http://revistas.usta.edu.co/index.php/viei/article/view/2938 |
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| Sumario: |
The economics history shows that speculative processes often lead toeconomic crises. In today's globalized world, its consequences affect productive work andthe lives of millions of people in many countries, which constitutes a violation of their basichuman rights. It's time to regulate worldwide such processes and to eliminate of thefinancial activities its harmful practices. In this work we present a parallel between the1929 crisis and the one that exploded in 2007, which continues affecting large sectors ofthe world. We study their origins and the relation between the last one and two facts, theneoliberal deregulation of the 70´s and the process of increasing financialization of theeconomies. Also, the magnitude of the current speculative bubble and the institutions andactivities that feed it. We conclude examining the proposals of solutions that nowadays arebeing discussed, which are similar to those taken at the time by the president F. D.Roosevelt. Financial speculation can and must be declared crime against humanity. |
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