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 Welcome to an Unemployed WorldPosted on Jun 15, 2009
The International Labor Organization opened a summit in Geneva on Monday on the worsening global unemployment crisis. World leaders, including France’s Nicolas Sarkozy and Brazil’s Lula da Silva, will meet to discuss what they believe will be some 239 million unemployed worldwide by the end of this year. BBC News: Advertisement Elsewhere: . CommentsAre you a Truthdig member yet? Login now, or register with Truthdig. Add Your Comment
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By purplewolf, June 18 at 12:37 pm #
Dan Eden, I call what happened to America-Bushonomy.
Report thisBy boggs, June 17 at 2:11 pm #
To Dan Eden, I believe capitalism happened.
Report thisThis is what capitalism looks and feels like.
The robber barons at the top got away with all the money.
I hope some of the rigt wingers are making the connection!
By Dan Eden, June 17 at 12:43 pm #
(Unregistered commenter)
I live and work in northern New Hampshire. We’re a tourist place that survives by summer vacationers enjoying the wilderness, a theme park for kids called Story Land, and some great lakes for boating and fishing.
This year we have naly half our hotels full, businesses are closing after 40 years, and soon this whole area will be a ghost town. I run a small Inn and we will probably close in September.
Today I called the local ice man for a delivery—he’s out of business. Gangs of eastern european college kids who got work visas for the usually busy hotel industry roam the streets begging for work. Even Walmart is hurting.
Yet, with all of this happening, wealthy international bankers are here buying up property and million dollar homes that they will occupy for two weeks out of the year. Seems they aren’t suffering.
What’s happened?
Report thisBy boggs, June 17 at 12:30 pm #
Don’t ever again let a cocky little squirrel from Texas tell you that he is giving the US bankroll to the corporations because its really their money and they will use it to make more jobs.
Report thisYou see now how it works don’t you? They run with the money to off shore their bankrolls and their factories.
By hippie4ever, June 17 at 2:24 am #
Capitalism has failed. People are out of work but the important work goes begging: green conversion, reforestation, rebuilding delapidated infrastructure, improving mass transit, growing healthy food. And my personal “favourite” quirk of capitalism: where thousands are homeless while thousands of homes stand vacant.
Bravo! That’s quite a system and it has to go.
Report thisBy rollzone, June 16 at 2:33 pm #
hello. my opinion is unchanging that the oil barons created this state of affairs, and the sooner we convert away from gasoline burning automobiles, the sooner billions of autoworkers can return to work. the sooner currency is returned to gold standard, the sooner the petrodollars will stop destabilizing global economies. 67% of our oil is used in gasoline, and we could reduce that to 7% within four years if the world would awaken to the truth. we are addicted to oil and need an intervention, a rehab, an all-out brain cleansing, a goddamn exorcism…
Report this