And, here again, there's a word in Czech that one needs to properly describe the trend: bagatelizovat, to play down, or trivialize---And, while I know nothing of the etymology, I can't help imagining that what's happening is that a bagatele is being played to the tune of human suffering.....
Recently, I spoke with two pleasant Czech economists. As is my wont, I could not resist raising the topic of the Crisis. One of them responded with an allusion to the words of their President (also an Economist): There is not a global crisis. It only affects parts of Europe and America.
Well, errr, it afflicts the most advanced capitalist economies. So, there's something of significance in that. I also suspect that a detailed examination of what's going on in Germany or China would show that their economies (and the well-being of many people) have been affected. That is, however, a controversial claim.
But, what I'd really like to say is: You say there is no world crisis. So, what is it? A merely regional matter? Tell that to the new suicides in the USA, or Greece, or Spain, or their survivors. I don't think that they'd find much solace in the thought that the economic collapse is merely a regional matter.
A recent report in the USA points out that the suicide rate in the USA has increased. Experts hesitate to blame the crisis; but I do not.
Here's a link to a short BBC story about suicide in the USA:
http://www.bbc.co.uk/news/world-us-canada-22391293
"Panic of 1873": A Black Friday in Vienna triggered the first of the - so far! - three Great Depressions of world capitalism. When will we have the last one?"--Picture and commentary courtesy of the Rosa Luxemburg Stiftung/NYC
https://www.facebook.com/photo.php?fbid=643913352289938&set=pb.515346938479914.-2207520000.1368351150.&type=3&theater
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