Greed is good, but to an extent...

We do not have to look very deeply to see, that the global crisis had affected particular states unequally. US and UK were hit the most, whereas others like China or Brasil did not suffer so badly. That situation stems from the fact, that governments of those countries had different approach towards the finantial policy. Americans led a deregulation policy. Basing on solid GDP growth figures and constant boom they came to the conclusion that the less they will control the financial companies, the more profit they will make. The wild capitalism therefore was increasingly getting "hi". People started to think that it will last forever. Unfortunately someone underestimated the power of human's greed. In order to make more profit, wall street pals started to lend money to people that could not give them back. The subprime mortgages issue was virtually gambling with peoples savings. We all know what happened then, in 2007... Even someone without degree in economy, who analisies the whole crisis issue, can easily say that it was just a matter of time for the system to collapse. The question is why the wall street experts acted so recklessly? Because they could. They could legally gamble with someone else's money for their own profit. In the mean time, China or Brasil had a tighter control over the system in order it wouldn't drive out of control. As a reward, they suffered less. Maybe, or most likely if Americans did the same, the crisis would not happen.  Governments should belive in free market, but should always remember that the free market is created by people and people cannot be free of the supervision. That is an essential assumption that each gocenrment should make to form any of its economical policy