Reply #4: This is one of those ideas that we need to talk about more... [View All]

[prairierose]

without regulation, capitalism leads to regular depressions or recessions as they were renamed after the Great Depression of the thirties. After banks were regulated, we had a more stable economy without severe depressions for more than 50 years until the oligarchs began dismantling those regulations in the eighties culminating with the repeal of Glass-Steagall in 1999. And sure enough, the economy crashed on schedule following the release of the robber barons from reasonable regulation.