Carlos Salinas De Gortari is the former President of Mexico. Robert Mangabeira Unger is professor of law at Yale University. This article is based on the ideas contained in a longer essay by the two authors in the winter issue of Challenge magazine. It was adapted by NPQ editor Nathan Gardels and approved and corrected by Salinas.
Dublin - The current crisis, spreading out
from Asia and affecting countries as diverse as Brazil and Russia, has
revealed that the global capital market is no savior. As the financial
markets ride the roller coaster of boom and bust, mania and panic, they
can do real harm to real economies.