Interesting times, interesting times.
It is already feeling quite different from a year ago.
My wonderings are:
1) With so many socially-minded, middle income people being made redundant, what will fill that work void? By their nature, public sector workers tend to be idealists and not overly 'business minded'. A sweeping generalisation, but I don't think these 'types' are overly suited to business in boom time...let alone a time when people are being financially cautious. We are in the early days of this change. The first wave of redundancies are about to kick in. There are many more to come. So we haven't seen their full impact yet.
2) Recession can mean less consumption. This is good for the planet! We nearly all consume much more than we need. I wonder if a fundamental shift in values might occur or is this just my wish list? I guess difficult times can make people go both ways: snatchy, selfish and dark (1930s Germany) or connecting and mutually supportive in the face of adversity (London WWII or Christmas shopping!!!!)
3) With a Labour government trying to address social ills and appearing to tackle inequality for so long (albeit not overly effectively), we haven't seen substantial demonstrations for some time. Well there were war demonstrations but I didn't feel their presence as much as recent rumblings. Social networking is making organised protests far more accessible! People seem to be articulating their points far more effectively and abundantly.
4) Can an economy be based on a model other than increased production and growth (with bankers creaming off the top and making greater production neceesary)? It feels like that puzzle might need solving before all the world's resources are used up. The assumptions seems to be that we need to 'boom' again. Cannot we manage something different, something better for people and the planet?
Economics by a simpleton They are just rambling thoughts. I have been avoiding the news as much as I can as it always leaves me depressed and with an exaggerated view of just how dark the world is! I need to believe the world can do well!