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.
The theoretical extent of these ice sheets during the ice age 1.5 mya is shown in white on the map below. (White area = maximum glacial extent 1.5 million years ago in the Pleistocene Epoch - Microsoft Encarta) Ice ages are said to have occurred every 150 million years, and last for at least 1 million years. According to the ice age theory, our current warm period will end with the beginning of another cold phase in 23,000 years time. Geologists claim that there have been 5 major ice ages. During ice ages the boundary of the ice sheet is hypothesised to spread and contract in cycles.