World Economic Recession

WORLD ECONOMIC RECESSION

ECONOMIC PLAN

NUST BUSINESS SCHOOL

A S YST EM OR PO LICY FAIL UR E?

Situation at hand… Collapse of the World Financial Market Fall in Overall World Output Unemployment Inflation High Income Disparity Consequent Political Turmoil

Root causes as we see… Exploitation by “Financial Capitalists” Sub-Prime Loans Real Estate Bubble

What Has Been Done? Monetary Policies? Fiscal Policies? Bail-out Plans! Resolutions & Conferences?!

Try THIs… “ECONOMY WITH DEMOCRACY” Make the Economy Less Dependent on Financial Capitalists Credit Supply in Government’s Hand Pursue Effective Public Policy Objectives Eradication of Class Inequality

THANK YOU!!

qworldsocialistreview.com (Fred Moseley) q“Capitalism hits the fan” (Richard Wolff) qUNDP qIMF- Data & Statistics qInternational Bureau of Labor Statistics