>The United States at least is actively in a great depression. It's just being papered over with currency debasement so rich people don't notice. There are tec

>The United States at least is actively in a great depression. It's just being papered over with currency debasement so rich people don't notice. There are technical defintions. USA's GDPgrowth is at 6.7% and inflation is at 5.4%. china is at 0.2% gdp growth and 0.7% inflation. The numbers are scary bad if you exclude all of capitalist china. China is at 300% debt to gdp and on the verge of collapse. Greece was what 250% peak during their collapse? That's the importance of taiwan, hongkong, shenzen, and others. It's not the USA that's of concern. >But if you actually visit parts of this country that are outside of the wealthy, coastal bubbles, you'll see first hand the real world devastation that's happening to people. Oh for sure. You can read about the failure of krugman from his own words. https://www.bloomberg.com/opinion/articles/2019-10-10/inequality-globalization-and-the-missteps-of-1990s-economics https://www.bloomberg.com/opinion/articles/2019-10-10/inequa... Which he still doesn't understand how much failure he has had. > It's why there's a major opioid epidemic in the Midwest. This has far more to do with marijuana legalization. They cant legally market their own product but they can FUD their competitors. >It's why homelessness is exploding. Far more related to rising minimum wage rates. There's a >95% correlation between homelessness and minimum wage in california. That's basically causation. >It's why rampant, degenerate speculation in stocks and crypto is going crazy and rife with scams and conmen selling hope to the hopeless. It's why populists like Trump and Sanders have so much political energy behind them. Oh yes, check the bloomberg link above. >People are depressed and dying everywhere, but us winners in our gilded bubbles have the privilege of being able to look away and continue living in our illusory, drunken stupor. That's actually a super interesting factor. Is there any relationship between psychology depression and economic depression. This was analyzed heavily during the great recession and it certainly seems like it is connected. Which is an argument for single-payer psychiatry. If a society could eliminate depression, economically we would likely be hugely benefited at a higher rate than the cost of the psychiatry.