Is everything a democratic ploy? Maybe the leftists are just idiots who don’t know how to run an economy.
Their toadies may be idiots, but their crooked sponsors are definitely not. The reason is that the left envisions a Cloward-Piven meltdown as an opportunity, not a problem. The poor among them (errantly) "think" they have little to lose and "somebody else's money" to gain. The extremely wealthy look to pick up the pieces from their "debtors" (the former middle class) selling their assets for pennies on the dollar.