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FINANCIAL SPECULATION AS A CRIME AGAINST HUMANITY. FUNDAMENTALS IN THE ECONOMICS HISTORY

The economics history shows that speculative processes often lead toeconomic crises. In today's globalized world, its consequences affect productive work andthe lives of millions of people in many countries, which constitutes a violation of their basichuman rights. It's time to regulate wo...

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Autor Principal: Garcia Neumann, Jaime
Formato: Artículo (Article)
Lenguaje:Español (Spanish)
Publicado: University Santo Tomás, Bogotá 2016
Materias:
financial speculation
economic crisis
financialization
hedge funds.
especulación financiera
crisis económica
financiarización
hedge funds
Acceso en línea:http://hdl.handle.net/11634/32988
id ir-11634-32988
recordtype dspace
spelling ir-11634-329882021-03-18T19:56:33Z FINANCIAL SPECULATION AS A CRIME AGAINST HUMANITY. FUNDAMENTALS IN THE ECONOMICS HISTORY LA ESPECULACIÓN FINANCIERA COMO DELITO CONTRA LA HUMANIDAD. FUNDAMENTOS EN LA HISTORIA DE LA ECONOMÍA Garcia Neumann, Jaime financial speculation economic crisis financialization hedge funds. especulación financiera crisis económica financiarización hedge funds The economics history shows that speculative processes often lead toeconomic crises. In today's globalized world, its consequences affect productive work andthe lives of millions of people in many countries, which constitutes a violation of their basichuman rights. It's time to regulate worldwide such processes and to eliminate of thefinancial activities its harmful practices. In this work we present a parallel between the1929 crisis and the one that exploded in 2007, which continues affecting large sectors ofthe world. We study their origins and the relation between the last one and two facts, theneoliberal deregulation of the 70´s and the process of increasing financialization of theeconomies. Also, the magnitude of the current speculative bubble and the institutions andactivities that feed it. We conclude examining the proposals of solutions that nowadays arebeing discussed, which are similar to those taken at the time by the president F. D.Roosevelt. Financial speculation can and must be declared crime against humanity. Como lo muestra la historia de la economía, los procesos especulativos suelen conducir a crisis económicas. En el mundo globalizado actual, sus consecuencias afectan el trabajo productivo y la vida de millones de personas en numerosos países, lo que constituye una violación de sus derechos humanos básicos. Es hora de regular a nivel internacional tales procesos y de eliminar de la actividad financiera sus prácticas perjudiciales. En este trabajo presentamos un paralelo entre la crisis de 1929 y la crisis que estalló en 2007, que sigue afectando grandes sectores del mundo. Estudiamos sus orígenes y la relación entre la última crisis con dos hechos: la desregularización neoliberal de los años 70 y el proceso de creciente financiarización de las economías. También, la magnitud de la actual burbuja especulativa y las instituciones y actividades que la alimentan. Concluimos con las propuestas de solución que actualmente se discuten, semejantes a las que tomó en su momento el presidente F. D. Roosevelt. La especulación financiera puede y debe ser declarada delito contra la humanidad. 2016-06-29 2021-03-18T19:56:33Z 2021-03-18T19:56:33Z info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion https://revistas.usantotomas.edu.co/index.php/viei/article/view/2938 10.15332/s1909-0528.2011.0001.08 http://hdl.handle.net/11634/32988 spa https://revistas.usantotomas.edu.co/index.php/viei/article/view/2938/2810 Derechos de autor 2016 Via Inveniendi Et Iudicandi application/pdf University Santo Tomás, Bogotá Via Inveniendi Et Iudicandi; Vol. 6 Núm. 1 (2011); 166-178 1909-0528 Via Inveniendi Et Iudicandi; Vol. 6 No. 1 (2011); 166-178
institution Universidad Santo Tomas
collection DSpace
language Español (Spanish)
topic financial speculation
economic crisis
financialization
hedge funds.
especulación financiera
crisis económica
financiarización
hedge funds
spellingShingle financial speculation
economic crisis
financialization
hedge funds.
especulación financiera
crisis económica
financiarización
hedge funds
Garcia Neumann, Jaime
FINANCIAL SPECULATION AS A CRIME AGAINST HUMANITY. FUNDAMENTALS IN THE ECONOMICS HISTORY
description The economics history shows that speculative processes often lead toeconomic crises. In today's globalized world, its consequences affect productive work andthe lives of millions of people in many countries, which constitutes a violation of their basichuman rights. It's time to regulate worldwide such processes and to eliminate of thefinancial activities its harmful practices. In this work we present a parallel between the1929 crisis and the one that exploded in 2007, which continues affecting large sectors ofthe world. We study their origins and the relation between the last one and two facts, theneoliberal deregulation of the 70´s and the process of increasing financialization of theeconomies. Also, the magnitude of the current speculative bubble and the institutions andactivities that feed it. We conclude examining the proposals of solutions that nowadays arebeing discussed, which are similar to those taken at the time by the president F. D.Roosevelt. Financial speculation can and must be declared crime against humanity.
format Artículo (Article)
author Garcia Neumann, Jaime
author_facet Garcia Neumann, Jaime
author_sort Garcia Neumann, Jaime
title FINANCIAL SPECULATION AS A CRIME AGAINST HUMANITY. FUNDAMENTALS IN THE ECONOMICS HISTORY
title_short FINANCIAL SPECULATION AS A CRIME AGAINST HUMANITY. FUNDAMENTALS IN THE ECONOMICS HISTORY
title_full FINANCIAL SPECULATION AS A CRIME AGAINST HUMANITY. FUNDAMENTALS IN THE ECONOMICS HISTORY
title_fullStr FINANCIAL SPECULATION AS A CRIME AGAINST HUMANITY. FUNDAMENTALS IN THE ECONOMICS HISTORY
title_full_unstemmed FINANCIAL SPECULATION AS A CRIME AGAINST HUMANITY. FUNDAMENTALS IN THE ECONOMICS HISTORY
title_sort financial speculation as a crime against humanity. fundamentals in the economics history
publisher University Santo Tomás, Bogotá
publishDate 2016
url http://hdl.handle.net/11634/32988
_version_ 1712104755152551936
score 12,131701

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