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Népszabadság - Hungary | Wednesday, September 24, 2008

The end of capitalism?

The Hungarian daily Népszabadság speculates on whether this is the end of capitalism: "Chaos reigns both in the financial world and in people's heads. Even renowned economists are saying that the conservative Bush Administration [with its announcement of plans to give ailing US banks a cash injection of 700 billion dollars] has opted for a socialist solution in its bid to save American capitalism based on free competition. The history of speculation shows us that after a painful period of transition things tend to go back to how they were. But the original state is never completely re-established: the regulating function of the state changes and a slightly different period follows in which entirely new phenomena cause new problems."

» To the complete press review of Wednesday, September 24, 2008

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