Recession = Bad. Right?

Corrina Gordon-Barnes

Recession = bad. Right?  Well, that's what we're being told. Our current economic situation is being depicted as a crisis - a negative occurrence from which we need to recover quickly and get back to 'business as usual'.

Essentially, we're being asked to continue as cogs in the wheel. The government is urging us to spend, spend, spend - to stay on the treadmill and keep the treadmill going at all costs.

What happens if the wheel stops turning, if the treadmill halts?

In all honesty, with hand on heart - how was 'business as usual' working out for us? Perhaps it felt secure, familiar, comfortable somehow. We knew how to get ahead, the rules of the game, and perhaps the system had rewarded us with money, status, and a glow of achievement.

How about happiness? Have we been radically happy? Deeply fulfilled? Full of energy in the mornings, basking in wholesome contentment in the evenings?

You see, I'm not so sure it was working out so well for us pre-recession. If we look to our conscience, we know that grave atrocities were being done in the name of progress. Unfair trade, exploitation, irrevocable damage to environments and species. And I wonder if the situation here was really that great... Corporations got fatter, we worked harder - all to maintain perpetual economic growth.

The good news is - we're finally being offered a way out of the earn-spend-earn-spend cycle. It's like we've come down on Christmas Eve and seen our dad wolfing down the mince pies and sherry. Suddenly, the truth has been exposed and although they're frantically trying to put the Santa disguise back on, we can't believe it any more - much as we'd like to. We won't be fooled.

Change can be scary. We may want to cling on to familiarity but let's allow ourselves to imagine, for a moment, that the new ways could be preferable. Imagine an economy which feels equitable at local, national and international levels. One which involves creative, innovative ways of sharing and trading with each other, which invites us to make the most of our gifts and offer our unique contributions. An economy which is based on respect for our planet and which honours our common essential needs as human beings.

I'm not an economist but I know I want something different. I see this recession as an opportunity to choose, as a society, a new model. I'm calling for it and I know others are too. Would the new economists please step forward....

Related Reading:
2009: On Silver Linings
It's Time to Redefine 'Development' and 'Progress'

Image Credit:
Pfala

3 comments

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Leanne V. 188°

Excellent article.

I for one have no loyalty to the current system. Its the current system that got us into this environmental mess.

Written in January 2009

Charles M. 105°

I think the recession would be a useful recalibration point if people thought that way anymore.

Our grandparents who lived through the depression learned from that and it made a generation of thrifty people that saved, grew their own food and made do with flour sack clothing etc. Their spending habits were changed for the rest of their lives.

We're different. We have access to huge amounts of credit and we're at the whim of advertisers. We consume like never before. As soon as we come out the other side of this recession we'll be back to our normal spending habits again.

Some recent examples illustrate this short-term thinking:
Just look at the recent fuel price scares. Fuel price up: people modify behavior. Fuel price down again: out come the Hummers. There has been no long term shift in thinking.

Look too at 9/11. Many people took this as an opportunity to rethink the important things in their lives but were back to their old ways within a year or so.

Economists won't step forward to correct this either. Their hallowed models - like GDP - are very broken and don't measure wealth or value in a way that us mere mortals understand. Contrary to the name, the GDP measures consumption, not production. It only values money that changes hands and not the things that really go into making a sustainable and healthy society.

I don't expect that we'll see any meaningful change emerge from this recession. Within 2 years we won't even know it happened.

Written in January 2009

Salute from India (anonymous)

Superb thought...
i can't imagine an American can think in this way.hats off to you corrina.But funny thing is, don't expect any economist to help you people!It's you only, who can feel and work towards the goal.A better world is still possible.And the change is inevitable!

Written in February 2009

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  • Posted on Jan. 19, 2009. Listed in:

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