Next Financial Crisis is On the Way according to Forbes

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Next Financial Crisis is On the Way according to Forbes

Post by Coach on Thu Jun 09, 2011 8:16 am

http://blogs.forbes.com/greatspeculations/2011/06/01/the-next-financial-crisis-will-be-hellish-and-its-on-its-way/

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“Anti-capitalism doesn’t do the victims of capitalism any good if you don’t actually destroy capitalism.”
(‘The Historical Failure of Anarchism)
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Re: Next Financial Crisis is On the Way according to Forbes

Post by Admin on Thu Jun 09, 2011 9:34 am

You mean the next bailout is on its way.

In all seriousness though, it will be impossible to bailout a plurality of the institutions that will fail when the market crashes again. The estimated costs are simply impossible to accommodate.

The only good aspect of this will be that the system will take down a robust portion of the bourgeoisie along with the rest of us. It's only fair that capitalism should now begin to fail its chief beneficiaries. (Of course, the super rich will be spared.) Then perhaps the remaining wealth disparity may finally manifest into something that the revolutionary left can take advantage of.
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