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Wednesday, April 2, 2008 12:00 AM

The Great Depression: The sequel

Is it coming to a soup kitchen near you? Here's how we'll know if the current recession is turning into something much worse.

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  • Wednesday, April 2, 2008 12:29 AM

    Equality

    Also, to add to my last post, I want to address the statement on the inequality of wealth. Capitalism does not, and has never, claimed to offer universal equality of wealth, it strives instead for universal prosperity. This is different. The fact is that the lower class in America have it better than the vast majority of the world. The fact is also that, in communist countries throughout history, the people were economically equal (well, except for those people with the right political clout), yes, they were econonimcally equal in abject poverty. China's gains have been in direct proportion to their easing of economic restrictions. Everyone who responded so eagerly to this ridiculous article needs to think these things through a little better. The obvious answer is rarely the right one.

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