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Global Crisis Opens Door for Overhaul of Economic Relations

Cape Times (South Africa), June 17, 2009 | Article details

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Global Crisis Opens Door for Overhaul of Economic Relations


A bad situation may sometimes have good effects, and what is required now is to draw lessons from the global economic crisis and the subsequent losses suffered by most countries.

Science maintains there is no such thing as "absolute truth" but the crisis is evidence that there is no absolute free market. Truth is always relative, just like freedom.

Apart from philosophical controversy, it is important to look for positive points to find a way out of the financial crisis.

Despite the gloom of the global economy and the pessimistic atmosphere enveloping the entire world, all countries, whether separately or collectively, are working hard to contain the …

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