international credit crunch is not simply cyclical one or conjectural disturbance.
not simply cyclical; or not simply a cyclical one.
Or a conjectural disturbance.
it has been [it is] the worst crisis since the wall street crash in 1929 and the great depression. It has historical dimensions in scope and depth; it affects globally the world economy (redundant), while its end is unseen
inon the horizon.
It is clear now that it
does notaffects not only the
capitalist nationalizations, "the negation of capitalism within the capitalist system itself", are an extreme action to rescue capital from bankruptcy. Within the framework of the actual social regime, nationalization brings the charges(?) of the crisis on the shoulders of the working people
by the champions of privatization
the nationalization of the twin giants fanny mae and freddie mac controlling
thefour fifths of the collapsing us mortgage market, in september 2008.