Thousands of people at job fairs, construction cranes, closed factories, cul de sacs with no houses, foreclosed home-buying tours, unused freight containers, etc. What does this all mean? – that we are in a recession. Take a look at the photographs.
But wait a minute, what kind of capitalism is this that images from times of down and out look identical to images from times of up and coming? These photographs look like they could have been taken at any point in the business cycle. Is this accelerating change or creative destruction? Is this the law of uneven development?