ECONOMIC CRISIS AND POVERTY – THE LIMITS OF FREE MARKET

Alina - Petronela HALLER Institutul de Cercetări Economice şi Sociale ,,Gh. Zane” al Academiei Române

Abstract

The current economic crisis has brought, for the whole world, huge disadvantages. But it has also brought a great advantage. Any disaster leaves deep wounds but, at the same time, raise us to a higher level of consciousness. It leads us to turn back and look for mistakes we made. We completely forgot that everything is cyclical in life, society and economy. We made false charity acts theorizing how we help the poor to live better. But, with how this crisis demonstrates its invincibility, the more we realize how poor we all become, and how poor will be the children of our children. Keywords: poverty, growth, crisis, liberalization, free market.