Massive Unemployment: Proof That Global Capitalism Doesn't Work | Economy | AlterNet
Not long ago, the city council of Ventura, California, passed an ordinance making it legal for the unemployed and homeless to sleep in their cars. At the height of the Great Recession of 2008, one third of the capital equipment of the American economy lay idle. Of the women and men idled along with that equipment, only 37% got a government unemployment check and that check, on average, represented only 35% of their weekly wages. Read More Here
Not long ago, the city council of Ventura, California, passed an ordinance making it legal for the unemployed and homeless to sleep in their cars. At the height of the Great Recession of 2008, one third of the capital equipment of the American economy lay idle. Of the women and men idled along with that equipment, only 37% got a government unemployment check and that check, on average, represented only 35% of their weekly wages. Read More Here
