ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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The 'Masters of the Universe' Outsmart Themselves

The titans of Wall Street, having free reign to pursue profits irrespective of the risks involved, outsmarted themselves by creating more and more complex financial networks both in order to continue squeezing out more profits and to postpone the eventuality of a coming crisis. They ended up believing that the new world of finance will not collapse because it had been expanding since the moment of its creation.

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