hatebureaucracy

Would We Even Recognize a Depression if We Had One?

One thing the writer of this article missed is the fact that many people are on the edge of true homelessness and will not be watching tv in the privacy of their homes because they won't be able to afford even an apartment. I see a depression as creating a massive increase in shantytowns, squatters and tent cities. For these people, food and clothing will be hard to get, because it is difficult to work and function in a society that requires a home address, a phone number, a file cabinet and a computer to even access social services. However, in a true depression social services will start to unravel, as is beginning to happen in California and other states. There are many people just on the edge of the abyss in regards to homelessness; some have already gotten there even in good times. Their numbers will increase exponentially in the case of a real depression,creating mass social instability.
stillrenting is exactly right about the black underclass. The wealthy white upperclass ignores this to their peril.