Thursday, April 07, 2011

Per the New Yorker

the unemployment rate in Italy is 8.6%.
So of course, the Italians are in full "end times mode" and suffused with rage and self pity.
Here in the USA, the unemployment rate is 8.8% and everyone thinks progress is being made and things are looking up.
Well I hate to defy my white suburban liberal bona fides, but sometimes purely national characteristics do make themselves apparent.
Italy has experienced everything from chaos to totalitarian dictatorship and derived little benefit from anything.
Their main problems (so it seems to me) are atomization, public corruption & private inertia.
America squeezes some benefit from all sorts of adversity, even if the greatest good for the greatest number isn't always the end result.
Our main problems are derived from a surfeit of optimism, concurrent disappointment and like Italy private inertia.
Its the same global recession but it plays out so differently in so many different places.

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