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Article: The global funny money game. (foreign exchange market)
- Article from:
- The Nation
- Article date:
- December 26, 1987
- Author:
CopyrightCOPYRIGHT 1987 The Nation Company L.P. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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The Global Funny Money Game
The October stock market crash was a symptom of the global economic changes unleashed by the free-market fantasies of Ronald Reagan, Margaret Thatcher and Helmut Kohl. The world's economic environment has been transformed by a powerful wave of globalization, privatization and deregulation of capital. Now, as the roaring eighties come to a close, we must come to terms with the fact that we live in an integrated private global economy, knitted together by unregulated financial and commercial establishments using the new information and communications technologies. While government and public policy remain confined to national ...