Quote:
Originally Posted by Beaudry
And the reason those plots are empty? Our current economic sitch is nothing compared to the Panic of 1910, much less the Recession of 1913-14, where business and trade activity dropped 20-25%. Lest we forget the insane downturn of 1918-19 due to the postwar unemployment jazz. (Never ceases to amuse that people think that whatever's happening now is somehow the a) first and b) worst it has or ever will happen...) In any event, empty plots with driveways. Telling. I still can't believe I don't own this image. I always marry the inquisitive to the acquisitive. So sue me.
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I don't wanna get into a political discussion here, but this is why I believe capitalism, particularly unregulated capitalism, doesn't work, in the sense that there will ALWAYS be periods of boom and bust, and the least regulation of businesses, the more extreme it will be. The decades between FDR's New Deal and Reagan's deregulation saw some recessions, but were not as bad until after Reagan.
Now, back to old Los Angeles. Looking at this thread this Saturday morning, I'm in the mood for breakfast at Langer's Deli on 7th and Alvarado.
