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This is How an Economy Dies -

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'When societies go through shocks which are allowed, through negligence, folly & failure, to leave entire classes of people suddenly, permanently poorer,  then democracy tends to die, too. Almost 17 million people ( 10% of the labour force) have filed for unemployment. All this happened i n just 3 weeks -- 3.3% per week!  At that rate, a quarter of the economy is unemployed in another three and a half weeks or so. What happens when a society reaches about 25% unemployment? Usually, it tips into chaos and upheaval. 40%? It implodes into autocracy. We are way outside the boundaries of yesterday’s placid normal now — and so playing by yesterday’s rules is a recipe for adding disaster to catastrophe. And yet…that’s exactly what the American government did! This is how an economy dies.And when an economy dies, a healthy, sane, civilized society tends to go with it. Is that America’s future? '

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I began teaching in 1963,; Ba and BS in Education -Brooklyn College. I have the equivalent of 2 additional Master's, mainly in Literacy Studies and Graphic Design. I was the only seventh grade teacher of English from 1990 -1999 at East Side (more...)
 

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