And like the boy who cried wolf, the left’s cries can no longer be ignored if the flock is to be saved.The current crisis manifests profound, unresolved problems in the real economy. The combination of the weakness of underlying capital accumulation and the meltdown of the banking system is what’s made its potential for disaster so serious.There have been financial bubbles in South Africa that are likely to burst with similar results to those seen in the U.S. All the more so since South Africa not only has an unregulated derivatives market (衍生品市场)but is offering to make this practice subject to further deregulation under the World Trade Organization’s services agreement GATS.Equally serious is the dependence of the South African economy on extremely unstable speculative capital to keep the economy afloat. For some years now we have been living beyond our means, where the costs of our imports far out-weigh revenue from exports. We are not earning sufficient foreign currency to pay for these imports, which, in turn, has made us dependent on attracting short-term speculative investment to allow us to continue on this unsustainable path. It encourages investment in the financial sector and consequently discourages investment in the real economy, such as in expanding factory production, agriculture, etc. Similarly, it imposes limits on public investment in social spending as government follows the same logic.All of this is an outcome of an economic policy which removed controls on the financial sector. This process, known as liberalization, made it easier for investors to take their money in and out of the country and to make greater profits from speculative investment. But it is precisely the policies of liberalization and deregulation that render the South African economy vulnerable to the global financial crisis.This brings us full circle: the financial crisis must be understood as an outcome of a weak capitalism unable to generate profit through investment in the productive sectors of the economy. Policies aimed at resolving the problems of growth are just aggravating the situation, exposing the system to repeated crisis.(1) (单选题)Why does the author say “the left’s cries can no longer be ignored”(Para. 2)?A.Because the boy who cried wolf should be saved.B.ecause the left has been crying for many years.C.Because a deeper systemic crisis of capitalism has shown upD.Because the left has a serious financial crisis.(2) (单选题)What does “this practice” refer to in the sentence “...to make this practice subject to further deregulation… ” (Para. 4)?A.The financial bubblesB.The derivatives market.C.The crisis of capitalism.D.The real economy.(3) (单选题)Why is investment in the real economy discouraged in South Africa according to the passage?A.Because the economy in South Africa is heavily dependent on short-term speculative investment.B.ecause South Africa has put too much investment in import and does not have enough money.C.Because South Africa has not earned profit from export to invest in the real economy.D.Because the situation in South Africa is unstable and thus its economy is unsustainable.(4) (单选题)Which of the following is NOT one of the factors that render the South African economy vulnerable to the global crisis?A.Less control on the financial sector.B.Short-term speculative investment.C.The unregulated derivatives market.D.The expanding of factory production, agriculture, etc.(5) (单选题)It can be inferred from the passage that ________.A.a cure has been found for the present capitalist systemB.the financial crisis is unavoidable mainly due to the present banking systemC.the weak capitalism is to be replaced by another new systemD.some initiatives need to be undertaken to save the weak capitalism
Passage TwoThe current global financial crisis, which has brought the financial system virtually to its knees, is a both cause and symptom of a deeper systemic crisis of capitalism.The left has been trumpeting (大肆宣扬) the crisis of capitalism for many years. And like the boy who cried wolf, the left’s cries can no longer be ignored if the flock is to be saved.The current crisis manifests profound, unresolved problems in the real economy. The combination of the weakness of underlying capital accumulation and the meltdown of the banking system is what’s made its potential for disaster so serious.There have been financial bubbles in South Africa that are likely to burst with similar results to those seen in the U.S. All the more so since South Africa not only has an unregulated derivatives market (衍生品市场)but is offering to make this practice subject to further deregulation under the World Trade Organization’s services agreement GATS.Equally serious is the dependence of the South African economy on extremely unstable speculative capital to keep the economy afloat. For some years now we have been living beyond our means, where the costs of our imports far out-weigh revenue from exports. We are not earning sufficient foreign currency to pay for these imports, which, in turn, has made us dependent on attracting short-term speculative investment to allow us to continue on this unsustainable path. It encourages investment in the financial sector and consequently discourages investment in the real economy, such as in expanding factory production, agriculture, etc. Similarly, it imposes limits on public investment in social spending as government follows the same logic.All of this is an outcome of an economic policy which removed controls on the financial sector. This process, known as liberalization, made it easier for investors to take their money in and out of the country and to make greater profits from speculative investment. But it is precisely the policies of liberalization and deregulation that render the South African economy vulnerable to the global financial crisis.This brings us full circle: the financial crisis must be understood as an outcome of a weak capitalism unable to generate profit through investment in the productive sectors of the economy. Policies aimed at resolving the problems of growth are just aggravating the situation, exposing the system to repeated crisis.(1) (单选题)Why does the author say “the left’s cries can no longer be ignored”(Para. 2)?A.Because the boy who cried wolf should be saved.B.ecause the left has been crying for many years.C.Because a deeper systemic crisis of capitalism has shown upD.Because the left has a serious financial crisis.(2) (单选题)What does “this practice” refer to in the sentence “...to make this practice subject to further deregulation… ” (Para. 4)?A.The financial bubblesB.The derivatives market.C.The crisis of capitalism.D.The real economy.(3) (单选题)Why is investment in the real economy discouraged in South Africa according to the passage?A.Because the economy in South Africa is heavily dependent on short-term speculative investment.B.ecause South Africa has put too much investment in import and does not have enough money.C.Because South Africa has not earned profit from export to invest in the real economy.D.Because the situation in South Africa is unstable and thus its economy is unsustainable.(4) (单选题)Which of the following is NOT one of the factors that render the South African economy vulnerable to the global crisis?A.Less control on the financial sector.B.Short-term speculative investment.C.The unregulated derivatives market.D.The expanding of factory production, agriculture, etc.(5) (单选题)It can be inferred from the passage that ________.A.a cure has been found for the present capitalist systemB.the financial crisis is unavoidable mainly due to the present banking systemC.the weak capitalism is to be replaced by another new systemD.some initiatives need to be undertaken to save the weak capitalism
- A. 异丙嗪1
- B. 尼可刹米2
- C. 氢化可的松3
- D. 盐酸肾上腺素4
- E. 去甲肾上腺素盐酸肾上腺素