The paper analyzes the current global financial crisis, especially in transition countries, including Croatia. The stable crisis is the consequence of the internal causes which together with external causes creates a favorable situation for the global financial crisis. Democracy, as a social phenomenon, is a problem concerning the socio-cultural condition and national security of every country affected by the crisis. Occurring in specific countries, the global crisis has become a screen for many criminal actions and corruption. The internal causes includes covert governance, professional incapacity, wrong economic policy, leadership crisis, greed and similar. The external causes are: low interest rate policy of the US Federal Reserve, crisis of the US mortgage market, wrong business policy of the central banks etc. For every problem there is a solution, including the current global crisis, both in the world and in Croatia. First of all, it means the investment in human capital as a system of knowledge.