Thread: Next recession?
View Single Post
tabs tabs is offline
A Man of Wealth and Taste
 
tabs's Avatar
 
Join Date: Dec 2002
Location: Out there somewhere beyond the doors of perception
Posts: 51,063
Quote:
Originally Posted by wdfifteen View Post
I don't think so. It gets adjusted every few years or so because it is NOT self-regulating or self-adjusting. Take a look at the 1850 to 1933 time period, when the markets were not designed, they ran themselves. Huge recessions, multiple depressions, child labor, monopolies - we had people who were filthy rich killing employees who demanded non-lethal working conditions and a living wage.
A free market is not paradise.
The rise of the unions..
Old 11-06-2018, 09:35 AM
  Pelican Parts Catalog | Tech Articles | Promos & Specials    Reply With Quote #57 (permalink)