According to the official US Financial Crisis Inquiry Report »more than 26 million Americans who are out of work, cannot find full-time work, or have given up looking for work. About four million families have lost their homes to foreclosure and another four and a half million have slipped into the foreclosure process or are seriously behind their mortgage payments. Nearly $ 11 trillion in household wealth has vanished, with retirement accounts and life savings swept away … The collateral damage of this crisis has been real people and real communities. The impacts of this crisis are likely to be felt for a generation.«
The successful entrepreneur John D. Rockefeller finds calming words in view of the devastating consequences of economic crises: »These are days where many are disheartened. In the 93 years of my life, many economic crises have come and gone. Wealth always returned and will always return.« Paul Krugman, the Nobel laureate in economics, also sees it that way: »The Great Depression in the United States was brought to an end by a massive deficit-financed public work program, known as World War II. World War II provided the jump start Keynes had been urging for years.« Others point out that capitalism continues to learn in each crisis or they quote the famous phrase of Joseph Schumpeter about the »process of the creative destruction«.
Hardly anybody understands the reference to the successful new beginning of the market economy after the crisis as pure cynicism in view of the existential mass destitution. With the concern about the market economy the needs of those, whom the economy should serve, have long since been desisted. The dogma »Economy = Market Economy« is deeply rooted and provides invincible rationality within the scope of the market economy. If »Economy = Market Economy« the crises with their unpleasant consequences thus belong to the same like the shadow does to the light and then there is also no sensible reason to challenge the economic system.
