The capitalist has brought about all these calamities because of overproduction and so has had to reduce their level of production and investments thus causing the problems, so say these theorists. I know this is the theory they hold, but please show me the facts behind this assertion. Their solutions are always the same. Confiscate the wealth and spread it as they determine. Nationalize the banks so granting of credit is determined by society. Let us ask Frank and Dodd how well that worked as they dictated the terms by which banks were to make home loans. Of course the result was not their fault. And the Marxist always believes the economy is best served when it is controlled centrally as opposed to allowing individual companies determine their own business activity based on competitive forces.
The better you understand the philosophy of the Marxist movement. The better you will understand why this Marxist/Progressive administration does and says what it does.