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How would the US react to the current financial crisis if the USSR still existed or if China had not embarked on economic liberalisation?

Would any form of massive government intervention by the US be seen as an admission of the failure of capitalism? Some commentators are saying this now, but could the administration, no matter who was in the White House, bring themselves to bail out the system by using the methods proposed by the legislature and executive branches at present?

On a different point, if the USSR did not exist in 1929 would the US have acted differently to the Wall St Crash instead of the inaction of the president and the introduction of tariff barriers by the congress?
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