¶ Depression (1)
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Index Entry
Depression: Great Depression of 1930’s:
Q. Is the recession of 1975 at all like the great depression of the 1930’s?
RBF: "Not at all. It is quite different. My book 4-D was written two years before the crash but its content predicted what was coming. It’s funny that not that many people owned stocks and bonds anyway… Society was just naive… It was depressing: people stopped being communicative… they were just sitting in rooms. There were no protests down the street and the politicians-- like Nixon-- were just saying: There’s nothing wrong here.
"But there has now been much more education. And the issues are different. The Forgotten Man is very much in today. In 1929 there was an enormous respect for power per se. The old people were supposed to know everything. And when the working man did get money he wanted to see things like the older people. But in 1975 the young people are purged. The base is different.
“You hear that things are awful in England, but it really couldn’t be nicer in England.”
¶ Citations
- RBF at videotaping Session Philadelphia, PA., 1 Feb’75
