The global financial crisis triggered by the U.S. subprime mortgage crisis in 2007 also sparked the discussion of the causes of the financial crisis. Based on the self-assertiveness demands theory, this paper conducts...The global financial crisis triggered by the U.S. subprime mortgage crisis in 2007 also sparked the discussion of the causes of the financial crisis. Based on the self-assertiveness demands theory, this paper conducts an analysis, which shows that the individual demand for self-assertiveness will produce excessive demand beyond its rational economic demand, therefore a gap is formed, resulting in the self-assertiveness demands surplus. Overdrawing the future, one of the solutions for the self-assertiveness demands surplus,use so called " limitless" future resource in advance to meet today' s need, has been proved to be a simple and effective way to gain competitive advantages, and has been widely used by many contries,especially the United States. But it also has many hidden negative impacts on the real economy: the more it overdraws, the wider the wealth gap expands. In the end, capital chains break, economic bubbles expand and financial crisis occurs. Therefore, the self-assertiveness demands surplus is the ultimate cause of the outbreak of financial crisis.展开更多
文摘The global financial crisis triggered by the U.S. subprime mortgage crisis in 2007 also sparked the discussion of the causes of the financial crisis. Based on the self-assertiveness demands theory, this paper conducts an analysis, which shows that the individual demand for self-assertiveness will produce excessive demand beyond its rational economic demand, therefore a gap is formed, resulting in the self-assertiveness demands surplus. Overdrawing the future, one of the solutions for the self-assertiveness demands surplus,use so called " limitless" future resource in advance to meet today' s need, has been proved to be a simple and effective way to gain competitive advantages, and has been widely used by many contries,especially the United States. But it also has many hidden negative impacts on the real economy: the more it overdraws, the wider the wealth gap expands. In the end, capital chains break, economic bubbles expand and financial crisis occurs. Therefore, the self-assertiveness demands surplus is the ultimate cause of the outbreak of financial crisis.
