Re: [Pen-l] the Good Depression?

[Carrol Cox <cbcox@xxxxxxxxx>]

I am incorrigibily sceptical of "history repeating itself." If we do
have a "great depression" it will be so different (at least on the
surface) from that of the '30s that historians 100 years from now will
still be debating where it was 'another' Depression. What was the death
count of the WW3 that the world 'avoided.' WW2 killed abut 70 million. I
suspect WW3 (roughly 1947-1990) surpassed that total by many millions.
An invisible "Depression" could easily surpass the misery imposed by the
"Great Depression" without ever being identified until after the fact.
How many lives were ruined by the "Recession" of '74, the give-bakcs of
the '80s, etc? Perhaps we are already in the fourth decade of the new
"Great" Depression.

Carrol

Carrol

Jim Devine wrote:
> 
> [a slice of current business thinking... I mean emoting.]
> 
> America needs a 'Good Depression'
> Seven reasons a 'good' depression beats a new Great Depression[CLIP]

> Pray for a Good Depression ... before they trigger another Great Depression.
> 
> [He never explains how to separate these two.]
> --
> Jim Devine / "Segui il tuo corso, e lascia dir le genti." (Go your own
> way and let people talk.) -- Karl, paraphrasing Dante.
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