Not only economies but lives as well. I didn't expect these people to kill themselves because of such.
LOS ANGELES (AFP) - - The murder-suicide of a Los Angeles financial manager who shot dead five members of his family before killing himself has highlighted the psychological toll of the economic meltdown.
The bodies of Karthik Rajaram, a 45-year-old business school graduate, and his wife, three children and mother-in-law, were discovered at his home in an upmarket gated community on Monday.
In a letter to police, Rajaram said he had been driven to murder because of his dire economic situation: already unemployed for several months, his remaining finances were reportedly wiped out by Wall Street's collapse.
The Los Angeles case came less than a week after a 90-year-old woman in Ohio shot herself as she was about to served an eviction notice on the home she has lived in for the past 38 years.
The two harrowing incidents have drawn attention to the mental-health impact associated with the most serious US financial crisis since the Great Depression of the 1930s, experts say.
Source: Yahoo News - 'Economic 9/11' exacting grim psychological toll in US
Yes, the US meltdown may be the mother of all meltdowns and is definitely drowning the global economy. However, do we all need to suffer because we're all going to poverty. On a cynical note, we might just be going back to equality of resources. Still, if the rich becomes poor then the poor becomes poorer. How about the poorest?
You don't go shooting yourself because you're poor. Look at the Philippines. A lot (as in a lot) are unemployed not only for months but years. And there are those who live under bridges, on cardboards, in sidestreets, squatting wherever their feet get them. But do they finish off themselves before hunger does? No. They thrive. (They're even getting rampant.)
I think the Filipinos' advantage in this is we're so accustomed to poverty. It's our life and we survive. Mabuhay ang mga Pilipino! (Cue flag raising. Hahaha.)