Article
A free market capitalism or a speculative market capitalism?
Abstract
Purpose – The purpose of this paper is to explore the interaction between the economic and political imperatives of new monetarism. The breakdown of the global derivatives markets, which came into the spotlight during the 2008/2009 global debt crisis, brought up the issue of trust. The matter at hand is the loss of trust in investors’ ability to make informed decisions, but trust in the self-regulating capacity of open markets has also been seriously shaken.