Originally Posted by NW Ponderer
It wasn't government intervention at all, but speculation and cyclical business realities. Greed and corruption, mostly.
In brief, insufficiently regulated free market capitalism, which tends to default to greed and corruption.

I wonder if anyone takes issue with the effects of the WPA and CCC? I'm pretty sure that wasn't an example of Capitalism...

And while WWII wasn't a free market capitalist endeavor, I'd argue that the War Machine was very good for stimulating the economy.

You never change things by fighting the existing reality.
To change something, build a new model that makes the old model obsolete.
R. Buckminster Fuller