- Main articles: Economic crisis and Financial crisis
An economic crisis is a sharp transition to a recession. See for example 1994 economic crisis in Mexico, Argentine economic crisis (1999–2002), South American economic crisis of 2002, Economic crisis of Cameroon. Crisis theory is a central achievement in the conclusions of Karl Marx's critique of Capital.
A financial crisis may be a banking crisis or currency crisis.
Read more about this topic: Crisis? What Crisis?/Comments
Famous quotes containing the words economic and/or crisis:
“A society in which everyone works is not necessarily a free society and may indeed be a slave society; on the other hand, a society in which there is widespread economic insecurity can turn freedom into a barren and vapid right for the millions of people.”
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“A crisis unmasks everyone.”
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