Even if pure market capitalism was the salve for our soul, it's unnecessary in a perpetually growing economy. And a perpetually growing economy is about supply, namely supply of commodities and money. We don't often have commodity shocks, and had a HUGE money shock in 08, but that shock was artificial, and I think central banks have learned their lessons. Well, at least for a few decades they will have learned. This whole thing isn't particularly new, as the same problem happened in the 30s, where central banks created an artificial money shock. They learned the lesson for several decades, but still reverted to old ways in recent times for some reason.
I'm not sure what the problem is. I think I blame American anti-intellectualism. This country sets policy for the world (basically), but it has levels of anti-intellectualism in ways that the policies have recently reflected unsound sentiments like how rapid change is bad, so when the country grows rapidly, the central bank has said "hold up!" and created recessions because they let ideology get in the way of sound policy
I guess that's what happens when the most powerful country in the world includes the hub of the slave trade and pilgrimage, where sophistication is frowned upon
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