As the recession continues to devastate our economy, one of the few professions benefiting from the downturn is the mental health industry. This sad irony is highlighted by media reports of suicides related to people’s financial situations. One Johns Hopkins University sociologist has even calculated that for every 1 percent increase in the unemployment rate, there’s an additional 47,000 deaths from suicides, heart attacks, homicides, and alcohol consumption.
In a plenary session titled “The Values Behind Market Capitalism” last week at the
Every morning when I wake up in Davos, I turn on my television to CNN in my hotel room. And every morning, there is the same reporter interviewing a bundled-up CEO with the snowy “magic mountain” of Davos in the background. The question is always the same: “When will this crisis be over?” They actually have a “white board” where they make the CEO mark his answer: 2009 … 2010 … 2011 … later.
Now that the sky has fallen on the U.S. economy, and terms like bailout, foreclosure, and recession have become a normal part of our everyday reality, it’s important for the United States to do some serious self-reflection. Based on the economic disparities in this country and around the globe, should our current crisis really come as such a surprise?