Well, diverse situations summarized by the word “economy”, right?
In general a good economy has opportunities, and stability. A bad economy is filled with many pitfalls, perverse outcomes, and human suffering. What’s interesting is how the effects of a bad economy divide between people who are devastated and those who weather the storm and maybe even profit—smaller and smaller groups, which is an inversion of what we want from a good economy.
All common sense, no? I think you’d have a peculiar life if these things dont effect you.
The economy we have now transcends rationality. It no longer exists to serve a function like distributing goods or developing the productive forces. Instead, its particular manifestation now is treated as dogma - eternal and unchanging. We pray for shallow declines and sharp growth like peasant farmers pray for rain. Meanwhile, we, the common people, pay for holy wars against ideological enemies. Long ago we gave up on innovation in favor of rent-seeking and parasitism, like the high priests of old.
The economy, namely free market capitalism, has become the new state religion in the west.
In general a good economy has opportunities, and stability. A bad economy is filled with many pitfalls, perverse outcomes, and human suffering. What’s interesting is how the effects of a bad economy divide between people who are devastated and those who weather the storm and maybe even profit—smaller and smaller groups, which is an inversion of what we want from a good economy.
All common sense, no? I think you’d have a peculiar life if these things dont effect you.