This was a very thoughtful interview. Thank you. My caveats have to do with Mr. Martin's somewhat tenuous grasp of North American business history. As Alfred Chandler's Pulitzer-Prize winning work The Visible Hand pointed out in the 1970s the large corporation was well established by the end of the 19th century, certainly not a largely post-World War Two experiment. Martin's explanation of the Depression as kicked off by a bill not yet enacted is not in line with most scholarship on the Great Depression — U.S. or Canadian. (Bernanke, who is regarded as the modern authority cites lack of liquidity, not isolationism.) And I'd like to know what major stockmarket bubbles have not been associated with economic downturns. The "nifty-fifty" in the 1970s, which caught such Canadian companies as Northern Electric, certainly preceded a very low period of productivity in the late 70s.
Anyway, it's a lively and thought-provoking piece. Thanks again.
