Abstract
Over the past three decades, there have been an increasing number of emerging markets and capitalist economies worldwide. This growing capitalistic global economy has proven to be sensitive and vulnerable due to the interdependence of many local economies. The most recent global economic crisis was exacerbated by the U.S. housing market crash as well as hedge fund and banking scandals. Cases of fraud and unethical corporate conduct by financiers have called into question the American financial institution as well as capitalism itself (Hart, 2010). Some have even argued that ‘capitalism is defunct’ (Abel, 2010).
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© 2014 Robyn Hulsart and Vikkie McCarthy
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Hulsart, R., McCarthy, V. (2014). Capitalism, Fraud, and Moving Forward in a Crisis. In: Kazeroony, H., Stachowicz-Stanusch, A. (eds) Capitalism and the Social Relationship. Palgrave Macmillan, London. https://doi.org/10.1057/9781137325709_15
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DOI: https://doi.org/10.1057/9781137325709_15
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