Various Countries blame USA for ‘Casino Capitalism’
Seen at the Associated PressVarious countries are blaming the USA for their ‘casino capitalism’ and the US government’s failure to resolve the financial crisis threatening the foundations of the global free market.Especially the Latin American leaders say that America must urgently fix the financial crisis it created before the rest of the world’s hard-won economic gains are lost.According to President Oscar Arias of Costa Rica, whose economy is highly dependent on U.S. trade:”The managers of big business took huge risks out of greed, …. What happens in the United States will affect the entire world and, above all, small countries like ours.”Though Europeans seem to have more of a sense of shared responsibility, they also blame the U.S. government for letting things get out of hand. Germany’s Chancellor Angela Merkel delivered scathing remarks last week that stricter financial regulation is needed to prevent unfettered capitalism and all seem to agree that unless this is done, capitalism will destroy economies around the globe. Read article: link
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