Utopia, America and the Asian Financial Crisis

It sure was interesting what William Greider (Author, “One World, Ready or Not”) said in the PBS video, the Crash (1999) about what a classical or neoclassical action does. The liberal action of equilibrium is perhaps wild swings of investment and pullout and how the motivation to do so is risk aversion. He essentially said that this would not work and result in ruin – general ruin. He also said that America was led by this model, the utopian model of self regulating markets.