The systemic reasons for the crisis are more important than a sudden fall in prices. Stocks are held on average 22 seconds, not 6 months or ten years. Real-capitalism is a plus-sum game. Financial capitalism is a zero-sum game. Profit is made at the expense of others. "Love for money" replaces trust.
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The crisis of state finances is mainly a crisis of tax refusal. This refusal is part of the continuing neoliberal policy of deregulation. The states were weakened over against the financial market actors.