Monday, July 20, 2009

Fareed Zakaria at PostGlobal: The Sky Isn't Falling - PostGlobal at washingtonpost.com

"the world today looks nothing like it did in 1918. Public health-care systems are far better and more widespread than anything that existed during World War I. Even Mexico, a developing country, has a first-rate public-health system -- far better than anything Britain or France had in the early 20th century."

"Bear in mind, unemployment in the non-farm sector in America rose to 37 percent in the 1930s. Unemployment in the United States today is 8.9 percentÖ . And government benefits -- nonexistent in the '30s -- play a vast role in cushioning the blow from an economic slowdown."

More: Fareed Zakaria at PostGlobal: The Sky Isn't Falling - PostGlobal at washingtonpost.com

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