Listen now (8 min) | The great crash of 1929 was a disaster. But it wasn't really a humanitarian disaster. It was a status disaster. During the 6 years after the great depression US life expectancy actually went up. The reality was that, by 1929, America had a powerful transportation network, advanced food growing techniques, plenty of space, housing and natural resources. During the great depression a lot of people lost a lot of money, a lot of people had a lower quality of life, but very few, in America, were starving.
Ep 61: Developing the Status Economy
Ep 61: Developing the Status Economy
Listen now (8 min) | The great crash of 1929 was a disaster. But it wasn't really a humanitarian disaster. It was a status disaster. During the 6 years after the great depression US life expectancy actually went up. The reality was that, by 1929, America had a powerful transportation network, advanced food growing techniques, plenty of space, housing and natural resources. During the great depression a lot of people lost a lot of money, a lot of people had a lower quality of life, but very few, in America, were starving.