Recession or Regression?

All these talks about the global financial crisis, recession, and bear economies have brought out this mom-to-two-precocious-toddlers from her rather domesticated state of mind.

Being home-bound for about six months now, I have slowly adjusted myself to the humdrum of domestic life; fulfilling my roles as primarily my daughters’ love- and care-giver; my husband’s not-so-dutiful-but-he-still-loves-nonetheless-wife; and overall in-charge of the household’s physical and physiological needs.

But adjustments also include me getting into a conscious effort to keep myself up-to-date with what’s happening politically, culturally, and economically, not just in the country but also around the world. Thank god for the Internet, getting informed is as easy as clicking the mouse. It’s also the best way for me to continually sharpen my mind and resist the possibility of dullness brought about by the monotony of keeping house. But oh, my girls always keep me on my toes. With growing naughtiness and smart alecky-ness by the day, I often need new strategies and tactics, ergo they keep my mind sharp and alert. :-)

So it was with anticipation that I watch the news for updates and breaking news. Company after company are closing down, laying off staff, or asking for bail-out. It does not even matter no more that most of these companies have been in business for a very long time. You’d think they are the more stable, more dependable, least likely to go down but no, one cannot really tell anymore. Moreover, US companies where investments from all over the world are put into them drag down these companies with them when they collapse.

Having presented this situation, I was disgusted to find out that at this difficult time some businesses that are in financial trouble,  which by the way resulted from years of selfish, opulent spending, would take advantage of this bland opportunity to find the perfect scapegoat.  Governments, as well, who have plundered and corrupted their citizens now simply blabber off the perfect excuse why they cannot do what they are supposed to do. It’s preposterous!

I can’t help but think that the economic recessions of the past have not helped abate the same situation to happen again. Finding ourselves in the midst of a global economic meltdown at this age and at this time, only somehow shows we never learn the lessons history always tries to teach us. When nature’s course is supposed to bring us to progress, this crisis proves otherwise.

Economists call this current economic state “recession”. Darn, might as well call it Regression from everything we ought to learn! Sigh. We never learn.

Published in: on January 27, 2009 at 10:29 pm Leave a Comment

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