Global Economic Crisis and Banking Analytical Essay by Top Papers

The paper relates that the question of what ideological influences shaped the regulation of the Canadian banking system is a difficult one to answer - within the framework defined by George Eaton - for as we see, the Canadian banking regulations system does not fit easily within a single ideological mold. However, the paper shows that the dominant ideological influence appears to be one of welfare capitalism, whose dominant characteristic - of the state playing a significant role in the free market - best exemplifies the Canadian model (Eaton 28, 35-36). The paper asserts that a comparison of the American and Canadian banking systems may allow us to better understand the manifestation of ideology in practice.