Motivation
Is the concern about another Great Depression realistic or do people panic without a reason? The fact of the matter is, anyhow, that a lot of those who wanted to save money for old age by investing in stocks have lost about everything and even people who saved money at the banks are worried about not getting it back, or at least not all of it. And this is not nearly all, since a lot of companies will have to dismiss workers because of the Financial Crisis and therefore a large number of people fear to lose their jobs.
The more severe the current Financial Crisis becomes the more enthusiastic people look for a scapegoat and the easiest way to find it is believing the media that have been telling us about the managers and supervisory boards having done a bad job and capitalism making it possible. I don’t want to deny those mistakes but I believe that this is only a little part of it and by its own could never cause a Financial Crisis of such an extent. That’s why I want to go deeper into all the different causes of the current Financial Crisis, which everyone should know about before making hasty judgements and above all, I want to find out whether the Financial Crisis is a product of capitalism.
Of course, the whole situation gives grounds for harsh discussions about how to deal with the current problem not only to politicians but also to big parts of the population of all the countries that are affected. Governments all over the world have already passed reflationary programs, which are approved of by some experts but sharply criticized by others. They are very expensive for the tax payer while their effectiveness is questionable. Is it right to let the tax payer pay the bill for the mistakes that have been made? Is there any other choice at all? Is a solution that helps the economy particularly well preferable to one that distributes the burden in a chiefly fair way? How far is it possible to have both at the same time? And finally, which is the most effective, the fairest, the best solution? These are the questions millions of people take a close look at these days and so do I in this work.