2009年世界恐慌の根本問題

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タイトル別名
  • 2009ネン セカイ キョウコウ ノ コンポン モンダイ
  • The fundamental causes behind The World Economic Crisis of 2009

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Many critics believe that The World Economic Crisis of 2009 (WEC 2009, and so forth) started with the collapse of Lehman Brothers in 2008 to result in financial disorder. To explain why this financial disorder had occurred, they have concentrated on the theory of finance. It is my belief that the collapse of Lehman Brothers was only a trigger. There is another fundamental problem, which began much earlier than 2008. After World WarⅡ, the U.S. spend dollar in western capitalist countries both to aid the development of those countries and prevent economical and political influence from the USSR. I call this “World Keynesian Policy”. And this policy is also continuing now. AS the wealth in US dollars accumulated in those countries, global inflation kept climbing. This is the root cause of the WEC of 2009. Since the 1980's Asia has produced and exported vast quantities of goods (cars, electronics, textiles, etc.). Advanced nations continue to rely on the sweat labor of developing countries in Asia. Especially the United States are obliged to depend on imported goods. They have to pay the price of imported goods in dollars. Dollars are accumulating saved in Asia. The global inflation keeps climbing more over. The United States had to invent the new superior world goods to recoup dollars. It is financial goods. The United States has exported financial goods (Stocks, Claims, National bonds etc. in the US) all over the world. and got back dollars. These financial goods included sub-prime claims. The WEC of 2009 is this result. However, even so, I am surprise at these three things. One is the “splendid financial engineering theory” which got “Nobel Prize for Economics”. The second is big banks, security and investment companies which practiced the theory. And the third is people who trusted them. There is “Monstrance”. It is for spreading Christ's influence all over the world. It is dressed up with gold-and-silver jewelry. People have gone down their knees in medieval times. Possibly, the financial engineering theory and the skyscraper of large magnificent financial institution might be “Monstrance” which is revived in the present age in Market fundamentalism. Mammon is today's religion.

収録刊行物

  • 経済志林

    経済志林 79 (1), 333-362, 2011-03-30

    法政大学経済学部学会

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