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Erschienen in:
2011 | OriginalPaper | Buchkapitel
Making a Killing
verfasst von : Kirby Farrell
Erschienen in: Berserk Style in American Culture
Verlag: Palgrave Macmillan US
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The massive global pool of speculative finance has run amuck.Doug Noland, “Riddle of the Burst Bubble”In the wake of the financial crisis of 2007–2008, a Google search for “economy amok” turned up 595,000 hits, one sign of the role berserk style played in the mayhem. In Joseph Stigitz’s summary, “No democratic government … has ever wasted resources outside of war on the scale which our private sector misallocated capital … a massive, massive failure [sic]. But after the crisis the consequences are even larger, the gap between full employment, potential output and actual output, is trillions of dollars and mounting.”1