Heard your statement of some well-known Chinese. But I do not remember word for word:
"In 1978, socialism had saved China. In 1988, China saved socialism. In 1998, capitalism has saved China. In 2008, China saves capitalism." If someone can adjust and name of the author - do, please. Painfully well said!
But from a fresh:
New York's Museum of American Finance opened the exhibition on the history of the world financial crisis of 2007 and 2009, reports Reuters. Purpose - to show the history of the crisis and to clarify its mechanism in the economy uninformed visitor.
The exhibition, entitled "Following the financial crisis" is a chain of events that led to the collapse of the credit system. In addition, she explains to visitors the importance of such terms as "sekyurizatsiya", "liquidity" and "derivative".
"We are demonstrating what has become the most complex man-made disaster of our time - the global financial crisis of unprecedented scale, speed of development and complexity", - said the executive director of the museum Li Kjeller. He also added that he hoped that this exhibition will help people to understand the mechanism of the crisis.
The exhibition includes exhibits describing the events on Wall Street from February 2007 to February 2009. Last date in the history of the crisis - March 2, 2009, the day when a group of AIG announced losses of $ 60 billion for the fourth quarter of 2008. This is the biggest loss in corporate history of America.
"In fact, fix a historic moment can only some time after his accomplishments" - Lina said Akhtar, who oversees the exhibition.
The museum says that it sees its aim to reassert power of an open, democratic market economy, but museum visitors to see what mistakes led to crisis.
Kjeller believes that part of the blame for the crisis lies in the excessive bonuses of U.S. financial institutions and expectations of assistance from the state. "If companies behave cautiously, they should not expect that they will save the state. Under capitalism, you should be able to play "- he said.
"We Americans are exporting contagious capitalism. This is the hen that lays the golden eggs - but sometimes it blows a bomb "- he added.
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