Economic Outlook and the Future of American Capitalism.

Abstract

The present financial crisis in America is a clear vindication of those who cautioned against complete deregulation . Where , free market should not be confused with complete deregulation . With current collapse of key industries like real estate , the stock market , financial institutions America is going through a recession . The reliance on debts to finance government projects and high spending nature of American consumers coupled by the capitalism nature of American economy has been blamed as contributing factors for this mess . The will thus review the current situation and project the future

of capitalism in America

Introduction

The United States hardly depend on its industries growth and development , its economic main drive is money . The United States finances the global multinational and the emerging new markets . American dollar remains the world 's top reserve currency , while American 's purchasing power makes it possible for the colossal consumption which accounts for more than 60 of the world 's biggest GDP . Thus it saddens that at the present moment America is experiencing a liquidity predicament out of all probable economic situations . As Thurow (2006 explains the United States heavily relies on global dependence to get its finances , and thus a worldwide credit crunch heavily weakens its leverage . This will review the current American economic situation and predict the future of its capitalism system . The will also provide a SWOT analysis of the economy

Current situation

Staring from the 1970s , the United States has increasingly moved from being an industrialized production...