The Boston Globe's Drake Bennett is not saying a depression is going to happen. BUT, if it did... he says it will look a lot different than 1929.
Bank runs via ATM or online banking? Check. Long ER lines as people drop insurance? Check? Even more isolation? Check.
Speaking of 1929, and isolation, Bennett shatters some cherished, usually conservatively cherished, myths. First, the Great Depression increased, not decreased, communalism. By 1935, Kiwanis, Rotary, etc., had lost about half their pre-Depression membership.
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