In the government directed economy the reason we have major recessions is the government’s response time. by the time the problem is identified, corrections developed, COORDINATED, and DIRECTED response initiated the nature of the problem has changed. All too often the initial correction will aggravate the issue because workers at the face of the problem have already initiated corrections.
In a nongovernmental directed economy your response cycle is much shorter because you cut out the coordination and direction phases. A shorter response time means more frequent but less extensive depressions.
Bottom line - the depression can not be corrected until every politician has gotten every erg of political energy out of it first.
That’s actually my point. You just exprssed it a different way.