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Now that subsidies and easy capital have stopped flowing, mills have closed in droves.
In such a wealth of easy capital and easy prosperity, governments were not likely to be defeated.
If America continues to be a business-friendly environment with relatively easy capital, the best innovators will want to move here to start their business.
They provided a glut of cheap, easy capital which fed the housing bubble.Trade imbalances continue to be a source of vulnerability to the health of the global economy.
But the traits that made it an economic powerhouse in the 20th century—easy capital, big companies, rote learning, management by mandarins and stable jobs for male breadwinners are ill-suited to the 21st.
And immense capital expenditures by corporations in recent years, much of which was financed by free and easy capital markets, may curtail new spending, putting a recovery in that sector in doubt.
Similar(46)
National regulators pressing for easier capital-adequacy rules for lending in their jurisdictions would be viewed with suspicion.
Shrinking profits are also playing a role in corporate America's decision to go easy on capital spending.
A more open financial system may boost growth in the long run, but it also makes it easy for capital to flood out fast.
By banning cigarette advertising, and not cigarettes themselves, the government could be perceived as deriving some easy political capital from what is little more than a gesture.
Since April, deregulation has made it easier for capital to flow abroad in search of better yields.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com