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Galbraith's conclusions about the causes of the Great Depression point to why the current Depression will be deeper.
Galbraith concludes: "Had the economy been fundamentally sound in 1929 the effect of the great stock market crash might have been small. But business in 1929 was not sound; on the contrary it was exceedingly fragile. It was vulnerable to the kind of blow it received from Wall Street."
You mean like the evaporation of $12 trillion wealth we've just experienced in the U.S.?
But the present is far more fragile and vulnerable than the U.S. economy of 1929, for the following reasons. In 1955 Galbraith could not possibly have foreseen or anticipated these current conditions: