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The American Empire in a Changing World



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Tuesday, July 24, 2012

''The Geopolitics of the Financial Crisis''

From New Left Project

''Much analysis of the 2008 financial crisis sees it in purely economic terms. You've emphasised, in addition, the geopolitical factors, in particular the way in which imbalances between China and the U.S. developed and were mediated through the U.S. mortgage system to create the housing bubble, the collapse of which then triggered the crisis. Why did those imbalances develop and how did they contribute to the conditions for the crisis?''

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