Financial crisis and banks

A Romanian proverb says: “If you don’t let him die, he won’t let you live”. It is the same situation with the world’s financial crisis! Banks are not allowed to go bankrupt, but they are saved by the state. That’s why the crisis will never end (it will end but not very soon).

What’s not profitable should be allowed to declare bankruptcy. Why banks shouldn’t play risky cards if they are not allowed to die anyway? But this (letting banks to declare bankruptcy) is not enough to end the crisis. There are several reasons overlapped: cyclical crisis of capitalism, imperialism expansionist systemic crisis and globalization.

Leave a Reply