Economic crises can disrupt societal stability from "summary" of The Making of Economic Society by Robert L. Heilbroner,William Milberg
Economic crises possess a formidable power to disrupt the stability of society. When the economy experiences a sudden downturn, it can trigger a chain reaction of negative consequences that reverberate throughout the social fabric. Individuals may lose their jobs, businesses may shut down, and families may struggle to make ends meet. As economic hardships mount, social tensions can rise, leading to increased levels of stress, anxiety, and even conflict within communities. The effects of an economic crisis extend far beyond the realm of finances. They can erode the trust that people have in their institutions, as well as in one another. When individuals feel uncertain about their future prospects, they may become more self-interested and less willing to cooperate with others. This can weaken the bonds that hold society together, making it harder for people to work towards common goals and maintain a sense of solidarity. Moreover, economic crises can exacerbate existing inequali...
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