After the first great depression all western nations tried to protect themselves from such horrible busts by creating checks and oversight for financial markets.

After World War II it was the consensus of western nations to share the wealth between workers and companies, because both Fascisms and Communism were popular with the "small people" because they promised more rights and equality for workers.

After just forty years of prosperity in the western nations regulations and social systems were discarded in favour of so called "free markets". The lessons of effective government were as much forgotten as the lessons of the great depression.

After just 25 year of new greed and globalization the next horrible bust exploded in all our faces – thanks to the "free markets", Maggie and Ronnie.

History will repeat itself, because every generation loves to play with fire and ignore the wisdom of their forefathers.