Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Maurice Winn who wrote (4993)	6/15/2001 9:56:36 PM
From: Ilaine	Read Replies (1) of 74559

No, no, no, that's not it at all. At some points in human history, economic disasters have appeared as if out of nowhere. There are willing workers, there are needy people, there are the means of production, there is food, but the workers don't make the machines go and the needy people don't get the food. The food is destroyed and the workers starve in the midst of plenty. George Orwell described it far better than I ever could - during a coal strike in England, the freezing coal miners tried to keep their families warm by picking up scraps of coal that had been thrown away, while the machines sat idle. A depression isn't a strike, it's not voluntary, but it has the same effect.

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