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The last one was especially harsh ... a severe Depression is much easier to live through for a much larger portion of the population when 80% or more of the population can get 80% or more of what they need to live comfortably within their local community. I've been accused of being a Marxist, yet while Harpo's my favourite, it's Groucho I'm always quoting. Odd, that.
Plus - depressions lead to political extremism, which leads to war.
And we really can't afford a world war.
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