‘Saving Capitalism from the Capitalists’
The capitalist economic order, which involves the allocation of resources driven by the profit motive, is the most efficient of economic orders. However, it will not work without advanced finances. Insider corporations have no interest in the creation of a modern and flexible financial system, as that would also provide opportunities for others. Left to its own devices, the market is not efficient enough and needs government regulation. This is not without risk either, as insider corporations often keep governments in their service and suppress the market. Therefore, in order to leverage the advantages of capitalism the right course between the Scylla of weak government regulation and the Charybdis of an underdeveloped market needs to be steered. The Hungarian lesson: we should not take a path which even the USA is forced to abandon.
When requesting a correction, please mention this item's handle: RePEc:pfq:journl:v:57:y:2012:i:1:p:140-147. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Pál Péter Kolozsi)The email address of this maintainer does not seem to be valid anymore. Please ask Pál Péter Kolozsi to update the entry or send us the correct address
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.