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> We know from 1929 crisis that pure capitalism as such doesn't work. There was a large depression 10 years prior, but it ended fairly abruptly and lead to an
by lliamander 4y ago
> We know from 1929 crisis that pure capitalism as such doesn't work.
There was a large depression 10 years prior, but it ended fairly abruptly and lead to an economic boom not long after precisely because the market was allowed to operate freely.
The depression of 1929 held on and was worsened precisely because of state intervention.