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looking beyond borders

foreign policy and global economy

What Lehman Brothers’ Failure Means Today

Photo by José Martín Ramírez C on Unsplash

The standard story about the September 2008 collapse of Lehman Brothers is that it led to a deeper understanding of the risks of financial complexity and free-wheeling capitalism. In fact, the ensuing crises in the US, Europe, and elsewhere were more a product of broader changes in twenty-first-century politics and society.

Read Here – Project Syndicate

Also Read: The Forgotten History of the Financial Crisis

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