@snarlcakes not many desire a cycle of booms and depressions. Maybe you would like to stand in bread lines for the sake of your principles, but most of the population wouldn't.
I always find it amusing when people complain about inequality when the poorest have cell phones and food. They need to re-educate themselves on the Depression and just how terrible of an experience that was for most across the globe.
I get your point but one could also say it's pretty horrific that 100 years after the Great Depression we're thinking the US is a more equal place just because minimum sustenance and basic tech are available to most.
How would you compare the times, then, Rico, since sustenance is not relevant in your view? To me, moving the goalposts is poor logic.
Liberal Democracies, despite all their faults, have thankfully been moving the goalposts.