I think that is a good question but this article leaves out the other half of the story which is found in the monetary history, history that is often ignored as JK Galbraith pointed out, but is required to understand the economy. As long as money is issued privatley by the banks for profit there can be no free market.

The 1912 Pujo Committee investigation proved that the banks controlled every industry in the nation with JP Morgan Co at the center. That spawned some weak anti-trust legislation but the next year the banks got heir private central bank, the Fed.

Large accumulations of money not only control the market, they controil public policy and the nation's regulatory agencies. The creation of money is the most vital prerogative of democratic self-governence. As Frederick Soddy wrote in 1933, "To allow money to become a source of revenue to private issuers is to create, first, a secret and illicit arm of the government and, last, a rival power strong enough ultimately to overthrow all other forms of government."

Every depresson or resession represents a transfer of wealth from the many to the few. In 1933 it was the largest transfer of wealth in history unitl 2008. monetaryalliance.org monetary.org