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by dustincoates
2261 days ago
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Things might be different now in ways that now have a different impact, but if you want to feel better, there's evidence that the Great Depression did not cause an increase in people dying[1]. > Population health did not decline and indeed generally improved during the 4 years of the Great Depression, 1930–1933, with mortality decreasing for almost all ages, and life expectancy increasing by several years in males, females, whites, and nonwhites. (Although, significantly, it does note that suicides increased, and another study found no increase in life expectancy, but no real change outside of suicides and car accidents.[2]) 1: https://www.pnas.org/content/106/41/17290
2: https://www.sciencedaily.com/releases/2011/03/110324202055.h... |
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I think this is mainly fearmongering by the upper 0.1% seeing that now they might have to bear the "risk" they are always claiming to shoulder when taking in enormous returns on their capital... (e.g. in Germany currently most car-companies (BMW and VW are both largely family-owned) still pay their dividends, while their employees are getting unemployment benefits from the state...).
In the end history tells us, that people generally seem to prefer to stay alive however low the odds are. If this has significantly changed in the last 50 years, maybe we should think about what has changed that – I seriously doubt that a "let's go back to business" is the right approach in that case.