Posted at LA Progressive on Mar. 27, 2020
Coronavirus Crash: Worse Than Great Depression?
The coronavirus crash has turned the fact that we don’t make anything in America anymore from a topic for philosophical and political debate into a crisis in our hospitals causing people to die and endangering our frontline health care workers.
Even worse, there’s nothing to catch us as and after we fall, because we don’t have a manufacturing base to fall back on like we did the last time a crisis like this happened—in the late 1930s.