The next global economic & financial crisis is just around the corner
As Xie
The core essence of the economic/financial crisis is the imbalance between desire and ability. There is a causal relationship among the contradiction between desire and ability, the imbalance between supply and demand, the formation and accumulation of material wealth and value wealth, and the economic/financial crisis. Since the imbalance between desire and ability is inherent, so is the contradiction between supply and demand. Apart from unconventional measures such as large-scale warfare, the most effective way to counter the economic downturn is to curb the ever-widening wealth gap to eliminate the contradiction between supply and demand. The outbreak of the economic& financial crisis is almost inevitable if the inherent contradiction between supply side and demand side cannot be effectively eliminated. Economics should not be divorced from common sense. Everything else that goes against this common sense is nonsense.
Alternative title: | The next global economic and financial crisis is just around the corner |
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Year of publication: |
2022
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Authors: | Xie, As |
Published in: |
Forum for social economics. - Abingdon : Routledge, ISSN 1874-6381, ZDB-ID 2486708-1. - Vol. 51.2022, 3, p. 285-300
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Subject: | Causal relationship | Economic recession | Economy growth | Supply-demand matching | Finanzkrise | Financial crisis | Konjunktur | Business cycle | Welt | World | Wirtschaftskrise | Economic crisis | Wirtschaftswachstum | Economic growth | Kausalanalyse | Causality analysis |
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