Now the bank crisis is officially the most severe since 1930, the nationalization of certain banks is food for thought. Since several banking institutions, for example Fortis (Picture: Manager Filip Dierckx), face serious debt issues, bringing them under public ownership seems to be the last resort. Since this measure conflicts with every single basic principle of capitalism and free market, most bank managers plead for financial socialism rather than nationalization. Is this cry for help during harsh times not a bit hypocritical though, when for the past few decades banks have done everything in there power to avoid governmental influence?
Sanne Verbiese
1 opmerking:
OK, clear and coherent.
Title could be more attractive, though.
of capitalism and THE free market
THEIR power
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