The situation that has appeared in the markets as a result of the recent economic crisis in America especially and the developed countries of Europe, has been seen as "Darwinism finance - literally the survival of the fittest for the banks," by some sections of the foreign press. Some press organs have even claimed that "Darwinism rules the marke" in the countries in question.
This description stems from the concept of the "strong overcoming the weak" that lies at the root of Darwinian thinking. The fact is, however, that the concept of the strong overcoming the weak is not one that came into being just when Darwin said it. It is not Darwinism that brought the concept into being. Therefore, an imaginary Darwinist concept is not justified by the survival of the strongest banks in the market, and the situation does not constitute an example of Darwinism.
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The global financial crisis that has rocked the entire world, especially America and the more developed countries of Europe, has had a particular impact on Iceland, causing the country to collapse financially. Some sections of the press have described Iceland as a "sunken land," while others have stated that the crisis has "swallowed" Iceland up. But why is it that Iceland in particular has come to the brink of bankruptcy while the crisis has affected the whole world?
The reason for the global financial crisis is that because of their dependence on the interest system, people invested heavily in banks, for which reason there is no buying and selling, production or money flow in the market. But what made Iceland special in this collapse is the relatively high interest rates offered by Icelandic banks. Investors from other countries, particularly Britain, chose Icelandic banks because of the high interest rates on offer, but the banks were unable to keep their promises.
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