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.
There seem to have been two distinct Cryogenian ice ages: the so-called Sturtian glaciation between 750 and 700 million years ago, followed by the Varanger (or Marinoan) glaciation, 660 to 635 million years ago.