How did the American economy recover from busts before 1913?

[Libertarian_for_Life]

@Esuric

@krazy kaju

What ends crises is always a return to profitability by businesses. The way businesses become profitable again is usually through cutting overhead expenses (e.g. wages/salaries/benefits) and cutting certain unprofitable activities (e.g. how GM sold Hummer). So what usually happened in previous crises was that the price level would fall, as businesses would have to cut worker compensation in order to become profitable again. Other businesses and households would simply have to declare bankruptcy, since they no longer would be able to remain competitive even after cutting costs in all possible areas. Once this happened, the businesses that cut costs enough to become profitable, would begin hiring and reinvesting with their new profits, returning the economy to a period of growth.

Uh, no. This is pure Marx, quite literally.

How is downsizing Marxist?