Loc: One of the Mexicos
Originally Posted By: NW Ponderer
Originally Posted By: Senator Hatrack
The bread lines of the Great Depression are an anomaly in the history of capitalism.
Only in that in previous cycles the destitute were just left to starve. The point you so assiduously miss is that bread lines are not a product of socialism. They are more often a product of the business cycle.
Ironically, the bread lines noted are a socialist response to mitigate a failure of Capitalism. The climate crisis and a multitude of environmental disasters are also failures of Capitalism. And Capitalists are obstructing social efforts to fix the problems.
Classical Liberalism offers up nice and neat theories about how free markets are the cat’s pajamas, but they do not stand up well in the real world.
You can’t solve a problem without first understanding what the problem is.