Out-of-control banks and collapsing market bubbles are the proximate causes of the 2008 economic crisis, but there is a long history of capitalist instability that led up to it.
Donald Trump's United States doesn't await his presidency. It's already laid out before us, and it's being realized every single day along the US-Mexico border.
Simon Johnson, former chief economist of the International Monetary Fund, is a professor at the MIT Sloan School of Management, a senior fellow at the Peterson Institute for International Economics, and a member of the CBO’s Panel of Economic Advisers. He is a co-founder of The Baseline Scenario.