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From http://michaelochurch.wordpress.com/2011/03/
I have been thinking about this but Mike Church nailed it:
In the mid-1920s, improvements in agricultural technology, especially in the
Midwestern United States, brought commodity prices to low levels and
triggered a spell of rural poverty. It might have seemed like a problem “
out there” to a Manhattanite in 1928, but two years later the poverty had
spread far enough to tank the stock market and seep into the cities. By 1933
, even many wealthy people faced utter ruin the Depression. As I’ve argued,
poverty is not “moral medicine” but a cancer that destroys society. Six
years of the most horrendous and idiotic activity humanity has ever
conceived– war– transpired before the Depression ended.
What happened to agricultural commodities in the 1920s is about to happen to
nearly all human labor. If we fail to graduate, now, to a rational society,
the calamity awaiting us is far greater.
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