考克斯圆桌会议moderncapitalismandfinancialcrisi.pptxVIP

Modern Capitalism as the Solution to the Financial Crisis:The Caux Round Table ApproachStephen B. YoungGlobal Executive DirectorThe Caux Round TableBelgrade, December 2008Financial meltdowns are a systematicDysfunction of capitalismTulip mania – 1620Mississippi company France1719/1720South Sea Company London 1711/1720Wall Street 1929Junk bonds 1980sDs/telecom 1990sSub-prime mortgages/CDOsMen, it has been well said, think in herds; it will be seen that they go mad in herds, while they only recover their senses slowly, and one by one! /wiki/Charles_MackayCharles Mackay “Irrational Exuberance” Al