Why? US capitalism died in the Fall of 2008. It failed, it failed hard. It crashed the global economy.Maybe so, but instability (not to be confused with an occasional spike in downward volidity) is inherent to all systems.
In straight speak, i’m defending US capitalism.
2008 wasn't due to capitalism, but socialism. The feds were buying up the mortgages. In the name of non-discrimination they defined crap as quality, the unscrupulous--completely predictably--responded by selling crap. It's a prime example of the dangers of disconnecting authority from consequences.
Ya, fucking banks over-leveraging themselves. I blame the goddamned government for that too. You can't expect the naive and innocent investment bankers to be able to read balance sheets for their own companies or anything.