The extra unemployment is keeping the US from another Great Depression

The title is the thesis. Now, don’t get me wrong, I’m not advocating we suddenly scrap Capitalism for Communism (we’re already, in many ways, Socialist, or what I would describe as Socialist Capitalism, wherein public services are paid for by tax dollars, but in my opinion we’re too skewed toward pure Capitalism, which won’t work in the long term). We’ve seen that story play out on the world stage and it never works. (And, no, China is not Communist, it’s an Authoritarian regime that mixes central monetary policy and resource…