There are many mysteries in the universe, but in the social universe this is one of the biggest. Two separate stories but with a common cause. The first, How the state of the economy is literally killing people. This is about the United States.
Suicide rates are soaring, according to federal data released last week. Especially in economically depressed states and job-starved upstate New York. People in need of work are twice as likely to take their own lives as employed people, and people fired in their 40s and 50s find it hardest to get hired again.
That makes boosting economic growth a life-or-death issue for many. But you wouldn’t know it listening to President Obama and Hillary Clinton. President Obama whitewashes reality, claiming the “American economy is pretty darn good right now.”
False. The Obama economy is stalled. It grew at a measly .7 percent annualized rate the first quarter of this year. That’s compared with the 3.5 percent rate the US enjoyed for most of the 20th century — what’s needed to sustain employment and optimism.
The second story is if anything even more depressing: Fridges go off as Venezuela power-rationing hits.
Fridges zapped off in kitchens across Venezuela as the government turned off the electricity supply to help ease a power shortage that is worsening the country’s economic crisis.
It is the latest drastic measure by the government in a crisis that already has Venezuelans queuing for hours to buy scarce supplies in shops.
The government imposed a four-hour blackout in eight states starting Monday and said the measure will last 40 days. The states of Caracas and Vargas had also been on the list for blackouts but were spared at the last minute. . . .
President Nicolas Maduro blames the collapse on an “economic war” by capitalists.
They don’t go into the potential death toll since the odd part is that you would get the impression from the journalist that he agrees with Maduro about the causes of the blackouts. The most educated are often the most stupid – see the next Bernie Sanders rally for confirmation.