Topic > The Causes of the 2008 Global Financial Crisis - 886

This is a crucial factor in what caused the 2008 global financial crisis: because the ratio of capital to variable value was increasing at a faster rate than rate of surplus value for many years in the pre-crisis period (Bowman 2009). Therefore, corporate profits had been steadily declining in the years preceding the global financial crisis and it was inevitable that as long as the rate of profit continued to fall there would be a financial collapse and economic crisis..