Definition of terms: Capitalist- Rich legal persons focused on profit making. Nearly 100 years ago, Vladimir Lenin predicted the collapse of capitalism and the rise of communism across the globe. His main argument was that capitalists' accumulation of financial capital would reach a saturation point, leading to the collapse of economies and, finally, the destruction of capitalism. Many economists agree that the 2007-2008 Financial Crisis marked the saturation point of the accumulation of financial capital by capitalists that Lenin had predicted, almost leading to the collapse of the major capitalist economies. Several government interventions that led to the bailing out of capitalists made capitalism survive this predicted collapse. However, many middle and low-class people felt disappointed by their governments because they bailed out these capitalists who had dug their graves by driving their economies into this crisis. They were disappointed because their states quickly gave the...
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