Funny how capitalist economists on both sides of the political spectrum actively embrace the business cycle as a real thing, but then turn around and preach the virtues of capitalism. Seriously? You admit very openly that your system is faulty, then you turn around and defend it? Sounds ridiculous.
The system sucks. You openly admit it sucks. Isn’t it time to move on to something more stable?
And on another note, I find it hilarious when liberals talk about how much they support the working class then turn around and talk about how much they want to make capitalism better. You can’t have it both ways, liberals. If you support the capitalist mode of production you cannot be pro-worker at the same time because the two are mutually exclusive.
Every economics course you will ever take always pits capital against labor on every issue because it’s built into the system. You cannot fix capitalism and make it work for the proletariat because capitalism depends on exploitation of labor to exist, and capital is the side that owns the property in any significant form. It’s inherent in the system to place profit above all else, including human lives.
Pick a side, liberals. Defend capitalism if that is what you honestly believe, but stop pretending it makes you any different from the reactionaries on the right. You guys are the same thing.