When I started writing this blog (Dec 2008) it seemed inevitable that the End Of The (Economic) World as we knew it, would shortly be upon us.
I should have know better perhaps.
I witnessed the 1987 economic Crash. I also saw how quickly an economic system can be turned around if all the right factors come together. So perhaps that misled me in some respects.
However, the real model for a comparison is the 1930’s Depression; the reality of that is that it was a slow motion disaster that incrementally ground its way into deeper and deeper depths. And that’s what I now anticipate in our current situation too.
Interestingly, examining the 1930’s example, the United States wallowed in the Depression throughout that whole decade and only got lifted out of it eventually by World War II. By comparison Germany, for all its other faults, made radical economic changes and emerged quickly and strongly from the Depression.
The lesson I take is that trying to “save” the status-quo will doom us to a death by a thousand cuts. We need to make radical changes.
The status-quo has got to go!
We are in need of serious surgery to cut away the failed systems, and to start again. Whatever the world needs – it is not any of the present systems or solutions.
(Re-ci-sion, [ri-sizh–uhn] Verb)
1. The act of rescinding; annulment, cancellation, or repeal of a law, order, or agreement.
Obsolete, from Old French [annulment of a judgment] Origin: 1605–15;
2. From Latin recīsiōn- (s. of recīsiō) a pruning, reduction: from late Latin rescissio(n-), from resciss- ‘split again, from recsus, past participle of recdere, to cut back : re-, + caedere, to cut.
Related: Resection (medical/surgical) – to cut away, to cut out, to remove. (specifically diseased, damaged or malign tissue. e.g cancer)
Times of trouble are also times of opportunity – the opportunity to effect radical changes.
You can either play at the margins of the existing state of affairs… Or you can go in with a scalpel and cut away the old diseased and corrupt accretions, to make way for new growth.
Our Political-Economy is at a tipping point – if we choose, and are brave enough, to push for a REVOLUTION. It’s time to apply a knife and start afresh.
The Revolution I envisage involves a lot of Recision and Excising of Institutions and Bureaucracies. I don’t think there is any shortage of candidates for the scalpel.
( ~R. Dec 2008 – revised Aug 2010/ & June 2012 )