Sunday 12 October 2008

Ideology revolution after Western financial crisis?

Various media outlets around the globe, such as newspapers, Internet, radios are expressing far-east citizens' concerns about the current financial crisis, which might cause the newly ideological transformation in our 21st century.

After world depression

During the inter-war period in 1930s, the financial depression and economic downturn severely led the occurence of extremist ideological movement, such Fascism, Nazism, and communism, all of these kinds of ideologies flourished into the different continents.

End of US age?

Today, cities such as Washington, London suffered the huge loss due to it's financial crisis, and does it mean the market economy truly can regulate itself? As the westerner always said for years of its advantage.

It's undoubtedly that many people would argue that the western economic policymakers should adjust its own policy in order to hinder such turmoil, and does the US financial crisis wil signal "the end of US age"?

It seems impossible to deny that China with its anthoritarian capitalism has succeeded in competing with the US's market capitalism.

Blaming of Bush administration

Bush administration and its military staff should be taking the main responsibility for current economic downturn and political setbacks on the world stage, according to an Syrian, countries, especially the major ones, which supported the Bush administration in its wars and policies also bear great responsibilty.

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