It was mainly caused by the federal reserve raising interest rates at a time when the economy was not prepared for it

But Trump undid all the regulations Obama put in place after, i mean surely they have learned their lesson now ))

And it raised them and raised them

i haven't read about the Federal reserves role in the crisis im afraid so i can't say anything to that

Capitalism always has periods of rise and fall from which the capitalist class is largely left unaffected and the working people bear the burden of the financial crisis

And they say “it was because of deregulation” as an excuse to impose more regulations to keep the working class poor

Happened in 1930

Happened in 2008

It will happen again

The regulations were in place to protect people form getting scammed into loans they can't afford

and here is where a libertarian would say

YOUR FAULT

but that's not a good answer

Well another problem would be the government promising to bail out the banks

The more pressing question is why we allow capitalism to flourish

Abolish the State

Anarcho capitalism

The government has no choice but to bail out the banks

Abolish Capitalism

if the banks fail you get a depression, and a depression always means socialism will rise

Anarcho capitalism is a fuckin joke

True because capitalism always creates its own enemies

wouldn't want another new deal forced on our poor government and the corporations that sponsor it

or even worse, an actual successful revolution instead of appeasement and continuation of the cycle

Abolish all state apparatuses and work towards the international federative commune system

Well look you’re making some good points but I gtg

allright it was nice talking to you

Same

Cyall

reform or revolution, you ask?

i believe rosa luxembourg answered that question quite well

States do not naturally dissolve because they are self-perpetuating

^

If anything this is the biggest lesson of the USSR and China

Eh, it would try to

it's hard to get right apparently

No it won't, it will create a red bureaucracy that becomes the new capitalist class, it could be even worse with the introduction of state capitalism like the USSR and China did. Bakunin foresaw this told Marx and warned about it in his writing and despite all of that it still happened. States are oppressive and the working class cannot be free under one.

Federative, grass roots, direct democratic structures

So we democratize your workplace and then your workplace becomes a political organ for the new commune

you need a large international bureaucratic apparatus to deal with global issues though

perhaps even on a national scale