Yes, the last crash was what David Harvey described as a wave of accumulation by dispossession, where wealth is taken away from working-class and minorities and given back to the wealthy. There was a wave of house repossessions and job losses in the states that disproportionately affected blacks, single mothers etc. Idle capacity and idle workers standing side-by-side doing absolutely nothing until the 'financial wizards' could agree on a new dispensation (lots of free money for the City and the Street).