Deregulation of the banking industry
Deregulation allowed savings and loans to pursue riskier investments than they had before. Coupled with this is that Reagan's budget cutting measures also reduced staffing at the Federal Home Loan Bank Board, which was responsible for regulations that were in place.
In The Republic, Plato outlines his view on leadership through a discussion on civic and political life in the Polis, the Grecian city state. Apart from focusing on the meaning of justice, he also develops a framework on the nature of leadership in an ideal state.
Be a “lover of wisdom,” a cardinal virtue
Plato was dissatisfied with rulers who lacked knowledge and moral strength to act according to the common good – in other words, rulers motivated by self-interest were not strong leaders. Plato proposes instead that states should be governed by philosophers and be a lover of wisdom, which is the meaning of the Greek word, philosophia.
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The Ottoman's army, led by Sultan Mehmed II, captured the Byzantine Capital, Constantinople, on 1453. The consequences were the death of Constantine XI, the Byzantine emperor, the complete decline of the Roman Empire and the end of the Medieval period. Among other effects, the event marked a strong impact to Christianism, the rise and spread of Islamism in North Africa, the total Turk control of the trade routes that linked the Black Sea to the Mediterranean and the Greek Christians were forced to escape to Italy, which has been considered a glimpse of the Renaissance.
Both cultures faced anti capitalist views while over throwing the monarchy of Britain and of Frances king
they both wanted democracy and sought for change for the freedom of people, free market which created the mix economy agenda
