Financial globalization misfired because it took a bet on a type of economy that was becoming unsustainable. During the past quarter-century, but especially over the five years leading up to 2008, the world seemed to revolve around the American consumer.
我们现在的危机并不仅仅因为金融全球化的后座力作用。金融全球化哑了火，是因为它拿一种变得不可持续的经济类型来做赌。在过去的四分之一世纪里，尤其是截至2008年的此前五年，世界似乎都在围绕美国的消费者转动。