Global finance today dominates the world economy. Western economies are characterised with financial sectors which generate billions for the economy. Stock Markets, multinationals, companies raising billions, initial public offerings (IPO) and so on, all symbolise the apparent success of Capitalism. Finance is important in any economy for two fundamental reasons:1. Whatever is produced in any economy can only be brought and sold through the use of money.
2. Society is looking to increase its wealth through investing, the financial sector exists today primarily to bring those with money, and those who …

Whilst the Western world has managed to achieve phenomenal development since the industrial revolution

The statement by Standard & Poor, a discredited rating agency, that the UK risks losing its AAA credit rating has caused controversy.

President Harry Truman of the US, in his inaugural speech in 1949 encapsulated development:

Introduction
Bailing out capitalism has cost western economies dearly. According to a recent IMF report public has become “disillusioned by what it perceives as abuse of taxpayer funds”.

The great depression in the 1920’s and the 1930’s is one of the most researched subjects in economics.

One of the lesser publicised issues which conveniently was announced on the 2nd of April

Neither market solutions nor socialist solutions are solving problems created by the free market

In an op-ed piece in yesterdays NY Times Bob Herbert has highlighted the growing humanitarian crisis in the US,

On April 2 2009, leaders of the world’s top 20 economies met in London — these economies collectively represent 80% of the world’s trade—to explore ways on how to deal with the global economic turmoil. Since the last G20 meeting was held in Washington in November 2008, the world economy has plummeted to a record low.
Consumers have cut back spending. Companies have reduced production, postponed investment and slashed millions of jobs. The financial system remains dysfunctional. Trade flows are shrinking at the fastest rates since the Second World War, felling …