Global Policy Forum

Perpetual Crisis: A Timeline of 40 Years of Economic Instability

Print
Today’s global economic crisis has been preceded by a history of constant, systemic instability. This timeline, created by Global Policy Forum’s Anahi Wiedenbrüg and Alexander Post, shows a forty year record of disequilibria, meltdowns, panics and other forms of crises, beginning in 1970. The picture it provides is of crises as a norm – far from the “equilibrium model” ordinarily taught in economics classes. There appear here, in this on-line presentation, the collapse of major firms, extreme currency speculation, real estate and financial bubbles, Ponzi schemes, and stock market meltdowns, sometimes harming hundreds of millions of people. The reader can see that as markets have become more global and as regulations have been abolished, the system has become more prone to devastating crisis on a worldwide scale.

By Anahi Wiedenbrüg & Alexander Post





 

FAIR USE NOTICE: This page contains copyrighted material the use of which has not been specifically authorized by the copyright owner. Global Policy Forum distributes this material without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes. We believe this constitutes a fair use of any such copyrighted material as provided for in 17 U.S.C § 107. If you wish to use copyrighted material from this site for purposes of your own that go beyond fair use, you must obtain permission from the copyright owner.