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For context, the highest unemployment rate was during the Great Depression, 24.9%. The methodology likely has changed since then but it's still sobering to think we might soon be in that territory. Hopefully this will be shorter lived and not have a great war as a catalyst for ending.
Earlier quoted context omitted.
Poverty is a consequence of a specific type of liberty: economic liberalism. Few poor people are where they are because of simply having made bad deals. Mostly they were just dealt a bad hand in life and are being exploited by those who were dealt a much better one.
In a liberal economy, pretty much all poor people are where they are from having made bad deals. That does not mean that they had good deals available to them . One of the other (unfortunate) consequences of liberalism is that people are free to setup the deals they offer to other people such that all deals available are bad deals. My comment is not intended to be a value judgment on either poor people or rich people…