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Even worse for the believers in market fundamentalism, those nations (like Malaysia) that refused IMF suggestions and used state intervention has a "shorter and shallower" downturn than those who did not. [Joseph Stiglitz, Globalisation and its Discontents , p. 89, p. 90, p. 91 and p. 93] Even worse, the obvious conclusion from these events is more than just the ideological perspective of economists, it is that "the market" is not all-knowing as investors (like the experts) failed to...