The Systemic Causes of the Crisis (tags)
The crisis is 30 years old, not 4 years old. The causes of the crisis can be found in the real goods-producing economy, not in the financial markets. The wildly proliferating financial markets did not drag the industry into crisis but kept alive the industry through credit-financed demand.
"Rainer Roth in The House of Cards puts the mechanisms of the capitalist economy on trial.. To counter the long-term descent of profit rates, the tax burden for businesses, a constant 21% from 1960 to 1980, has spiraled down to only 8% today.."