start » de en es fr    >> back

The Human Costs of the Economic Crisis

by source: commondreams.org - 30.01.2009 12:36


Meltdown Madness: The Human Costs of the Economic Crisis
Published on Thursday, January 29, 2009 by TomDispatch.com

by Nick Turse
 


The body count is still rising. For months on end, marked by bankruptcies, foreclosures, evictions, and layoffs, the economic meltdown has taken a heavy toll on Americans. In response, a range of extreme acts including suicide, self-inflicted injury, murder, and arson have hit the local news. By October 2008, an analysis of press reports nationwide indicated that an epidemic of tragedies spurred by the financial crisis had already spread from Pasadena, California, to Taunton, Massachusetts, from Roseville, Minnesota, to Ocala, Florida.

(...)

Going to Extremes

Across the United States, people have been reacting to dire circumstances with extreme acts, including murder, suicide and suicide attempts, self-inflicted injury, bank robberies, flights from the law, and arson, as well as resistance to eviction and armed self-defense. And yet, while various bailout schemes have been introduced and implemented for banks and giant corporations, no significant plans have been outlined or introduced into public debate, let alone implemented by Washington, to take strong measures to combat the dire circumstances affecting ordinary Americans.

There has been next to no talk of debt or mortgage forgiveness, or of an enhanced and massively bulked-up version of the Nixonian guaranteed income plan (which would pay stipends to the neediest), or of buying up and handing over the glut of homes on the market, with adequate fix-up funds, to the homeless, or of any significant gesture toward even the most modest redistributions of wealth. Until then, for many, hope will be nothing but a slogan, the body count will rise, and Americans will undoubtedly continue going to extremes.

[Note: A special bow should be offered to undervalued small-town newspapers and local television stations across the country that have done the grunt work in covering the tragic results of the global economic crisis in their own communities. They continue to offer a real service to the public by documenting how individuals in cities and towns across America are suffering and just what that suffering drives them to do. By way of a Newsweek article on the "Killer Economy?" I recently became aware of an excellent resource on some of the human fallout of the financial crisis, "Greenspan's Body Count" an ongoing feature on the W.C. Varones Blog. Since early 2008, it has provided an invaluable record of "mortgage-related suicides" and other "victims of (former Chairman of the Federal Reserve) Alan Greenspan."]

 http://www.commondreams.org/view/2009/01/29-12
 http://www.tomdispatch.com/post/175027/nick_turse_desperate_times_and_desperate_measures

Nick Turse is the associate editor of TomDispatch.com. His work has appeared in many publications, including the Los Angeles Times, the Nation, In These Times, and regularly at TomDispatch. His first book, The Complex: How the Military Invades Our Everyday Lives, an exploration of the new military-corporate complex in America, was recently published by Metropolitan Books. His website is Nick Turse.com.

Killer Economy?  http://www.newsweek.com/id/179422/output/print
Greenspan's Body Count:  http://wcvarones.blogspot.com/2009/01/greenspans-body-count-steven-l-good.html

 http://www.inthesetimes.com/article/3803/
 http://www.nickturse.com/


>> ADD EXTRA INFORMATION

ADDITIONAL INFORMATION