The origins of the economic crisis

Both the left and the right view the present economic crisis as a consequence of greed and a failure of capitalism. On the far left, for example, a spokesman for Britain’s Socialist Workers Party talked about a “crisis of capitalism.” The Front National, a far-right French political party, makes the same diagnosis and defends “a powerful state as a regulator and a referee against international financial speculation.” Is it true that the current crisis represents a fundamental challenge for capitalism?

Links of interest

Media release: Government intervention caused the economic crisis