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Reply #48: Not that things aren't pretty bad now, but still, compared to the 1930s... [View All]

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Silent3 Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jun-04-11 09:12 AM
Response to Reply #41
48. Not that things aren't pretty bad now, but still, compared to the 1930s...
...the current economy isn't anywhere near as bad, even factoring out "the well being of a tiny cabal of rich people". The current median standard of living (not average, median, so not much thrown off at all but the rich people at the top) is higher now than what most Americans had just before the Great Depression hit, during what was then considered a boom time.

Electric power and indoor plumbing still weren't something many people could count on in the 1920s. For many illnesses and injuries, being uninsured and treated in a crappy emergency room today will still lead to better results than a lot of rich people would have gotten back in the 1920s or 1930.

I understand, of course, that most people measure their economic pain not by long-term historic standards or world standards but by comparing to what they're personally accustomed to, but it's good to step back now and then and look at a larger perspective.

I don't mean to suggest we should be complacent. Things could be a lot better now than they are. There's a lot of injustice and plain stupidity in current economic policy, and we should fight that.
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