Capitalism will always demand intervention at some point. Underspending is just as much of a problem as overspending.
Take the events leading to the Great Depression, most economists thought workers would not mind a nominal wage cut. Since prices were cut, there would be no affect on purchasing power, but workers did mind, seeing a nominal wage cut as a decrease in living standards, and most unions rejected the idea of nominal wage cuts, so nominal wages stayed the same despite market pressure. This made the involuntary unemployment indefinite, An increase in spending, to shift demand, was the only way it could be fixed. There was no self-correcting process, as classical economist believed.
there's a myriad of other examples, that can be given to any ideology. imo, any ideology is doomed to fail if it doesn't change to serve certain situations. entropy is a bitch, but it is what it is.
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