Causes of Subprime Crisis

The U.S. government has always been not to intervene in the market for the purpose, especially the U.S. Republican Party to the general implementation of the policy of intervention in the market liberalism. But often this lesson the U.S. government in developing countries, this has raised $ 800 billion of government intervention programs. The U.S. government is sometimes accused the developed countries, 1980s semi-maturity U.S. economic friction, the U.S. government accused the Japanese market, closed to the Japan-liberal reforms, open markets.Subsequently, the neo-liberal ideas rapidly growing popularity, but never expected all kinds of side effects. In less than 10 years, annual income of less than ¥ 2 million poor increased by 200 million to 10 million. Was once known as the Japanese characteristics, "mid-stream society has disappeared without a trace, the elderly medical insurance problems, increased crime. Originally cohesion and pride of rapid social differentiation, the disappearance of the "human" and "warm" peace of mind in Japanese society, and safety myth was completely destroyed by the neo-liberalism.
U.S. financial crises, the general view that the crisis is mainly caused by lack of financial regulatory system, the greed of Wall Street speculators, drilling could take advantage of the system, fraud, deception of the public. An underlying cause of the crisis lies in the United States nearly three decades to accelerate the implementation of neo-liberal economic policy.
The so-called neo-liberalism, is ideal for a revival of traditional liberalism, in order to reduce government intervention in the economic and social thought of the main economic policy objectives. U.S. neo-liberal economic policies began in the early 1980s, the background of the stagflation crisis of the 1970s, including: reducing government intervention in the financial, labor market, the fight against trade unions, the implementation of the promotion of consumption, high... [continues]

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