The Causes and Solutions of Capitalist Economic Crisis

DOI

10.2991/aebmr.k.220307.351How to use a DOI?

Keywords

American Subprime crisis; cause; solution; big company; nationalization policies

Abstract

The capitalist economic crisis has brought great damage to the operation of the world economy. The essence of the capitalist economic crisis lies in the inherent contradiction of the capitalist system. Based on the performance of the American subprime crisis in 2008, this paper deeply analyzes the causes of the capitalist economic crisis and puts forward solutions from the analysis of the causes, to avoid risks and prevent them in the future. The study found that the fundamental cause of the subprime mortgage crisis is the basic contradiction of the capitalist mode of production, and the direct cause is the transfer of financial risks. The external cause of the economic crisis is the distortion of financial credit rating and weak supervision, and the reason for the traditional ideological theory is liberal belief.

Copyright

© 2022 The Authors. Published by Atlantis Press International B.V.

Open Access

This is an open access article under the CC BY-NC license.

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TY  - CONF
AU  - Chenfu Chu
PY  - 2022
DA  - 2022/03/26
TI  - The Causes and Solutions of Capitalist Economic Crisis
BT  - Proceedings of the 2022 7th International Conference on Financial Innovation and Economic Development (ICFIED 2022)
PB  - Atlantis Press
SP  - 2140
EP  - 2144
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.220307.351
DO  - 10.2991/aebmr.k.220307.351
ID  - Chu2022
ER  -