In this view, crony capitalism is the result of an excess of socialist-style interference in the market, which inherently will result in a toxic combination of corporations and government officials running the sector of the economy.
During glacial stages (ice ages), periods of time dominated by colder climate, global sea level was lowered by as much as 200 meters. About 21,000 years ago, during the last glacial maximum (LGM), sea level was about 125 meters (about 410 feet) lower than it is today.
Between the four or more major glaciations of the Pleistocene, there were interglacial warming periods with temperatures similar to now. Both the glacials and the interglacials lasted tens of thousands of years. Very likely, we are now in an interglacial that began 10,000-12,000 years ago.