In August 1971, the United States avoided bankruptcy by decoupling the dollar from the dollar. Then the United States entered a 10-year period of stagflation.
In 1982, Mexico experienced a sovereign debt crisis
In 1986, a sovereign debt crisis erupted in Latin AmericaCaught in the quagmire of the Latin American crisis.
In 1991, the real estate bubble in Japan burst;The economy is mired in stagflation;
In 1998, the Southeast Asian debt crisis occurred;
In 2008, the inflection point of global urbanization appeared, and the U.S. subprime debt crisis broke out.
After World War II, the world started a wave of post-war reconstruction and urbanization, which is a huge pull on the global economy and the economy, but this pull is unsustainable. After the completion of urbanization, more people are objectively required to withdraw from physical labor and enjoy the fruits of labor, so that social efficiency will continue to improve on the basis of existing high efficiency. However, the mechanism of capital landing and making money makes everyone, every penny requires to continue to pursue profits, so that the labor supply of the whole society continues to remain unchanged, and the result of 50% of the output being completed by the same number of people means that the actual efficiency appears, while the capital gain requirement continues to grow in a way that is higher than the interest on the bank's fixed deposit, which leads to the more diligent the worker and the more frequent the use of capital by the worker, the lower the actual net income of the worker, and the lower the happiness index of the society. Of course, another result of market saturation is industrial relocation, because the entity enterprises are unprofitable, therefore, technology and capital will inevitably flow to backward areas, and repeat the development path of the original market in backward areas.
In other words, if there is no economic crisis and bubble, then capital can easily and sustainably profit in the country, and then the geographical expansion momentum of the market will disappear. Thus, it may seem that capital is greedy and selfish, but the mechanism of the market itself is selfless and generous. The rule pursued by the market is a win-win situation: make up for the shortcomings, and help more than enough.