Its personal now. The global economic crisis left the distant and safe space of intellectual posturing and moved a lot closer to where we're at. A friend of mine e-mailed today to say that she has lost her job. My friend lives in a developing nation. The global financial slowdown has meant a lessening of donors, a contracting of capital income and consequently a trimming of expenditure. My friend has been "trimmed." I've gotta tell you, its scary. How will my friend cope without a fixed income or without a robust system of welfare? Will she be able to find employment in a shrinking and over-crowded market? What can I do? How many of you know someone who is facing this same cost-cutting trimming? What can we do? What will we do? Will we now learn to live from within a story of "enough" and redistribute what we have with our friends/neighbours who have-not? Will I? Will you? Will we?
Thursday, March 26, 2009
Economics Hit Home
Its personal now. The global economic crisis left the distant and safe space of intellectual posturing and moved a lot closer to where we're at. A friend of mine e-mailed today to say that she has lost her job. My friend lives in a developing nation. The global financial slowdown has meant a lessening of donors, a contracting of capital income and consequently a trimming of expenditure. My friend has been "trimmed." I've gotta tell you, its scary. How will my friend cope without a fixed income or without a robust system of welfare? Will she be able to find employment in a shrinking and over-crowded market? What can I do? How many of you know someone who is facing this same cost-cutting trimming? What can we do? What will we do? Will we now learn to live from within a story of "enough" and redistribute what we have with our friends/neighbours who have-not? Will I? Will you? Will we?
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