Interesting analysis of the 2008 financial crisis

I have been reading about predictions for this collapse for the past ten years or so.
Kevin Phillips, a one time Republican operative started me thinking about it in the early 90's with his book "the Politics of Rich and Poor". Last year, I read his book "American Theocracy" and I just started his latest book "Bad Money".
One of the figures that really startled me in his latest book is that "Financial Services" now account for 21% of GDP, up about 400% since the 60s.
Naomi Klein's book "The Shock Doctrine" also reaches the same conclusions as Kevin Phillips, but she is more specific, and sees this decline starting with the teachings of Milton Friedman and the "neo-liberals" who were, in fact, anything but liberal.
These were the teachings that were adopted in force by the Neo-Cons, despite the fact that everywhere else that Friedman's shock policies have been put in force, like Chile, Argentina and Indonesia, the result has been the same: the mushrooming of debt, and the tremendous increase in disparity between the rich and the poor.
If we as a country do not wake up and see how insane this economic philosophy is, then we will soon be finished as a major power.
I hope that this election can focus more on this problem, and less on lapel pins, and silly preachers.