2 Matching Annotations
- Nov 2024
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www.youtube.com www.youtube.com
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for - interview - Yanis Varoufakis - 2008 financial crisis was the West's 1991 moment
summary - Yanis talks about how the 2008 financial crisis was a milestone for capitalism. He claims that it defined the beginning of the end of Capitalism, in the same way that 1990 defined the beginning of the end of Soviet-style communism.
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- Sep 2022
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Local file Local file
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As the financial system went global [in the 1980s], so competitionbetween financial centres – chiefly London and New York – took itscoercive toll . . . if the regulatory regime in London was less strict thanthat of the US, then the branches [of international banks] in the City ofLondon got the business rather than Wall Street. As lucrative businessnaturally flowed to wherever the regulatory regime was laxest, so thepolitical pressure on the regulators to look the other way mounted.3
!- example : DGC - 2008 financial crisis included competition between London and New York
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