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Posted by on Feb 28, 2018 in Culture, Economy, Work | 0 comments

Why “Deaths of Despair” Point to a Crisis for American Capitalism

Why “Deaths of Despair” Point to a Crisis for American Capitalism

 

There may be no issue that bothers my conscience more in American public life than this one. Watch the video below. The Wall Street Journal reports:

“Two Princeton economists are sounding off on what they consider to be warning signs of a crisis of American capitalism.Prof. Anne Case and Nobel Prize-winning economist Angus Deaton see increases in suicides and other “deaths of despair”—particularly among middle-aged, white Americans—as a sign that “something is not right,” with society.If we can only generate good lives for an elite that’s about a third of the population, then we have a real problem.’”

 

“In the video above, they argue that it’s not simply a function of economics. It’s a ‘failure of spiritual and social life that drives people to suicide,’ Mr. Deaton says.”

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