Why do people still support Laissez Faire capitalism even during recessions when it's failing?

The alternative involves Government intervention, which means Government spending when consumer spending decreases (the recession) however to do that the taxes would have to be increased, which is always represented as a negative, because corporations would be taxed more and they own the larger media corporations which unfortunately controls the mes. What should be remembered when Adam Smith first wrote about the idea of laissez faire it was during Spanish mercantilism. 'Laissez faire' needed at the time was the over reaction to the events at the time, Monarchs with absolute power. The sad thing is 'laissez faire' does work, however the market would not naturally support the West's quality of life. If minimum wage dropped below a $1/hour employment would increase and the American markets would likely stabilize despite a large decrease in consumer spending. The alternative to avoid the top 1% owning 75% of the wealth is Government intervention and equality, a concept the top 1% despise.