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Capitalism, Fraud, and Moving Forward in a Crisis

In: Capitalism and the Social Relationship

Author

Listed:
  • Robyn Hulsart

    (Austin Peay State University)

  • Vikkie McCarthy

    (Austin Peay State University)

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).

Suggested Citation

  • Robyn Hulsart & Vikkie McCarthy, 2014. "Capitalism, Fraud, and Moving Forward in a Crisis," Palgrave Macmillan Books, in: Hamid Kazeroony & Agata Stachowicz-Stanusch (ed.), Capitalism and the Social Relationship, chapter 15, pages 240-262, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-137-32570-9_15
    DOI: 10.1057/9781137325709_15
    as

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