How can we prevent the next economic crisis and avoid a domino effect in France?
Résumé de l'exposé
The economiccrisis of 2008-2010 often called the Great Recession is in a recession which came most of the industrialized world following the collapse of the fall of 2008, second phase of the financial crisis of 2007 -2010. The United States were the first to enter recession in December 2007, followed by several European countries during 2008 and the euro area as a whole. France enters the recession in 2009 for accounting. This global economiccrisis is considered the worst since the Great Depression.
This crisis is marked by a sharp rise in oil prices and agricultural products. The exorbitant rise in asset prices and the associated demand are considered as the consequence of a period of easy credit, of regulation and inadequate supervision or increasing inequality. With the decline in equities and house prices, large U.S. and European banks have lost a lot of money. Despite massive aid granted by States to counter the threat of bankruptcy and systemic banking crisis, it resulted in a global recession which led to a slowdown in international trade, higher unemployment and lower prices Commodities.
In 2009, countries have generally opted for recovery policies. In early 2010, though most seem to emerge from recession, the IMF remains cautious. Unemployment persists, significant imbalances in current account balances remain, and risks of new financial bubbles bursting may occur.
The question is: How can we prevent the nexteconomiccrisis and avoid a dominoeffect'? Moreover, how its effect to my country's economic (France)? Firstavall, we will see that the dominant view of the crisis as financial crisis is spreading to the economy. Then, the roots of the crisis: a new capitalism. A deep systemic crisis, which is not complete, even with a risk of other serious crises if we do not have what it takes. And, upcoming crises: scenarios and desirable shift. How can we prevent the nexteconomiccrisis and avoid a dominoeffect'?
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[...] I remind you that the Paulson plan was considered huge 700 billion and that to cope with global warming, we estimated that it would invest 400 to 500,000,000,000 per year worldwide. A very modest tax on the World Heritage of the very rich will provide. The world is rich, but an incredibly unequal nine million millionaires in dollars, nearly a billion who suffer from hunger! It is fundamentally unequal economic power (which is also reflected in the share of value added with the disempowerment of employees and unions) that produced the other inequalities. [...]
[...] For the social crisis and inequality, the key measure is the establishment of a maximum allowable income which would also, through funds raised, to do away with poverty really: there are 8 million people who live TODAY under the poverty line in France. At what level this maximum income? Only the debate will tell, but if we started by proposing that no one wins more than ten times the minimum wage full-time or euros per month, is this a referendum on that proposal would not receive a huge majority votes? One can also go in stages, with a highly progressive tax on high incomes, all income, including savings and investments. It has existed in France as in the U.S. [...]
[...] It was not until April 2009 that the losses amount to 4,000 billion dollars, and probably more. Warning: these figures should be interpreted huge losses as well: they are losses compared to a situation where these banks believed to be immensely wealthy because of their earlier speculation. But that wealth gained in a short time the wind was disconnected from the real economy. It's like a trader who, after having reaped enormous profits speculative, sees then melts. Or it is as a player at the casino. [...]
[...] How did ecological crisis, conversely, strengthen the social crisis, economic and financial? We forget that the period 2003-2008 has also been marked by soaring oil prices and, from 2006, many raw materials and agricultural products. This caused at the time (2007 and above spring 2008), serious food shortages in the world, with implications in Montreal in 2008. It is true that financial speculation, again, bears a heavy responsibility on the price spike, because no one speculates on just the materials themselves, but on financial derivatives of bet on price developments, eg "rice paper", the "wheat paper, etc as for securities from the estate. [...]
[...] How can we prevent the next economic crisis and avoid a domino effect in France? TABLE OF CONTENTS INTRODUTION p.3 The dominant view of the crisis p.4 The roots of the crisis, a new capitalism p.7 A deep systemic crisis, which is not complete p.9 Upcoming crises: scenarios and desirable shift p.16 Conclusion: who will push for such measures? P.22 CONCLUSION p.23 How does this affect it in France and Europe? P.23 REFERENCES p.26 INTRODUCTION The economic crisis of 2008-2010 often called the Great Recession is in a recession which came most of the industrialized world following the collapse of the fall of 2008, second phase of the financial crisis of 2007 -2010. [...]
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Mathieu M.EtudiantE-commerceHow can we prevent the next economic crisis and avoid a domino effect in France?