A Tsunami That Happened out of the Sea? Financial Tsunami Aka Financial Crisis
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The financial crisis triggered by the US subprime mortgage crisis in 2008 swept the world, bringing a huge impact on the global economy. Based on some case studies this paper analyzes the root of the outbreak of economic crisis and concludes that the root of the outbreak of crisis lies in the basic contradiction of capitalist system. One example is that the collapse of Lehman Brothers. Considering that the socialist market economy will also be affected by the global financial crisis and economic crisis, this paper puts forward some suggestions on how to prevent and deal with the economic crisis in the future.
Financial crisis, Global economy, Capitalist system, Lehman brothers, Future developments