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News Link • Economy - Economics USA

The rot in US Version of Financial Capitalism

• arclein
First, the US-led capital game has reached its own limit. Financial liberalism has gone wild since the Thatcher cabinet of Great Britain and the Reagan administration of the US set off a wave of "neo-liberalism" in the 1980s. In 1999 the US adopted the new banking law to further ease financial regulation. As a result the sector-specific management of financial operations was broken and mixed-service operations became the name of the game. K

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