• Due to a glitch in the old vBulletin software, some users were "banned" when they tried to change their passwords at the end of February. This does not apply after the site was converted to Xenforo. If you were affected by this, please us viua the Contact us link in the footer.

When Economic Recessions Become "Social Recessions"


Cael

Well-known member
Joined
Jun 19, 2006
Messages
13,343
At some point, economic recessions trigger social recessions. Individual expectations and behaviors slowly gather the momentum to change cultural values, social relations, and the way entire generations think about key issues such as opportunity, security, prosperity, government, family, and the relative importance of money in life.

Social recessions appear to be triggered by declines in upward mobility and opportunity and increases in income disparity. In response, the young generations lose faith in the secure financial future that they were once implicitly promised, and they start opting out of careers, marriage, and having children.

For many citizens, these seemingly normal options are no longer financially viable. As the path to security narrows, young people realize that "following the rules"—studying hard and trying to fit into corporate/government niches—no longer offers the promised payoff. Cynicism replaces hope, and society stagnates and turns inward.

America is already getting a taste of the social costs of economic decline. Young Americans graduating from college find a world of greatly diminished opportunities for full-time employment and the type of financial security that their parents took for granted.

In Japan, these trends began after the unprecedented bubbles in Japan's real estate and stock markets popped in 1990. Now, a third of jobs that are available are free-lance/contract or other temp jobs, or part-time positions that pay one-third of typical corporate salaries.

Lacking sufficient income to be independent, young people are moving back home or staying at home because that is the only financial option open to them. In bonding themselves to the security of their parents, they enter a state of permanent adolescence in which marriage, having children, and making long-term plans have no place.

It is no secret that Japan's birth rate has been falling for years, but less well-known is the decline in marriage and even relationships.

In these ways, the social conventions of Japan are fraying or even unraveling under the relentless pressure of an economy in structural decline.

Full article:

Guest Post: When Economic Recessions Become "Social Recessions" - Blogs at Chris Martenson
 


Cael

Well-known member
Joined
Jun 19, 2006
Messages
13,343
Low-Wage Economy Destroys The American Dream

Rising unemployment, soaring health care costs, stagnating wages, crumbling job security--this is the state of working America today. With 41 million uninsured and 30 million working Americans--one of every four U.S. workers--at the official poverty level, it’s time to transform the low-wage economy into a living wage economy that can provide an opportunity for everyone to reach the American Dream.Tyson Workers and Health Care

Workers in this country are seeing their way of life on the verge of collapse as they work longer and harder for less. Despite a six-percent increase in productivity in the second quarter of this year, compensation isn’t following suit. Unions are providing relief to organized American workers and even others in markets where union density is high. But the attacks on working people show no sign of ending and ‘low-wage workers’ are being hit the hardest.

These low-wage jobs usually lack health care, child care, pensions and vacation benefits. Their working conditions are often grueling, dangerous, even humiliating. At the same time, more and more middle-class jobs are taking on many of these same characteristics, losing the security and benefits we worked so hard to get.

UFCW | Low-Wage Economy Destroys The American Dream
 

Telemachus

Well-known member
Joined
Apr 8, 2004
Messages
6,565
Website
en.wikipedia.org
Socialism destroys peoples expectation like nothing else I hear.

How does creating new things = a win for me in commie utopia land.

Excellent OP btw.

Any pics of this Japanese Tent city?
 
Last edited:

YoungLiberal

Well-known member
Joined
May 10, 2009
Messages
2,052
At some point, economic recessions trigger social recessions. Individual expectations and behaviors slowly gather the momentum to change cultural values, social relations, and the way entire generations think about key issues such as opportunity, security, prosperity, government, family, and the relative importance of money in life.

Social recessions appear to be triggered by declines in upward mobility and opportunity and increases in income disparity. In response, the young generations lose faith in the secure financial future that they were once implicitly promised, and they start opting out of careers, marriage, and having children.

For many citizens, these seemingly normal options are no longer financially viable. As the path to security narrows, young people realize that "following the rules"—studying hard and trying to fit into corporate/government niches—no longer offers the promised payoff. Cynicism replaces hope, and society stagnates and turns inward.

America is already getting a taste of the social costs of economic decline. Young Americans graduating from college find a world of greatly diminished opportunities for full-time employment and the type of financial security that their parents took for granted.

In Japan, these trends began after the unprecedented bubbles in Japan's real estate and stock markets popped in 1990. Now, a third of jobs that are available are free-lance/contract or other temp jobs, or part-time positions that pay one-third of typical corporate salaries.

Lacking sufficient income to be independent, young people are moving back home or staying at home because that is the only financial option open to them. In bonding themselves to the security of their parents, they enter a state of permanent adolescence in which marriage, having children, and making long-term plans have no place.

It is no secret that Japan's birth rate has been falling for years, but less well-known is the decline in marriage and even relationships.

In these ways, the social conventions of Japan are fraying or even unraveling under the relentless pressure of an economy in structural decline.

Full article:

Guest Post: When Economic Recessions Become "Social Recessions" - Blogs at Chris Martenson
That's a very good OP, actually. Thanks for that.
 

Cael

Well-known member
Joined
Jun 19, 2006
Messages
13,343

olamp

Well-known member
Joined
Mar 24, 2010
Messages
1,452
That's a very good OP, actually. Thanks for that.
Very sad reading .Do you think it is possible for people to be happy in these circumstances? Is it easier for people to cope if they know that everyone is in the same boat?
 

Cael

Well-known member
Joined
Jun 19, 2006
Messages
13,343
Very sad reading .Do you think it is possible for people to be happy in these circumstances? Is it easier for people to cope if they know that everyone is in the same boat?
I imagine it would be. But when we read in the sunday papers that the greedy developers, that bankrupted the country, are being allowed to pay themselves 200,000 euro a year out of Nama money, and keep their fabulous trophy homes, then we know we are definitely not all in the same boat.
 

olamp

Well-known member
Joined
Mar 24, 2010
Messages
1,452
I imagine it would be. But when we read in the sunday papers that the greedy developers, that bankrupted the country, are being allowed to pay themselves 200,000 euro a year out of Nama money, and keep their fabulous trophy homes, then we know we are definitely not all in the same boat.
Heard Michael Smurfit on some interview expressing sympathy for a friend who used to be worth 3 billion and is now worth ONLY 100 million!! These guys perception of hard times bears no connection with reality.
 

SideysGhost

Well-known member
Joined
Nov 30, 2009
Messages
17,631
That legend Elizabeth Warren has done a lot of work on this for years.

Skip about 5 minutes in before it starts. About 50 mins long but well worth watching.

[ame=http://www.youtube.com/watch?v=akVL7QY0S8A&feature=player_embedded#]YouTube - The Coming Collapse of the Middle Class[/ame]!
 

Telemachus

Well-known member
Joined
Apr 8, 2004
Messages
6,565
Website
en.wikipedia.org
Very sad reading .Do you think it is possible for people to be happy in these circumstances? Is it easier for people to cope if they know that everyone is in the same boat?
Jealousy funds resentment and unhappiness. They may be happy vis a vis each other but are not outside of the local bubble they live in.

Maybe thats why people dont like to cross the boundaries of their communities, in case they might see something better..
 

Cato

Moderator
Joined
Aug 21, 2005
Messages
20,559
olamp said:
Very sad reading .Do you think it is possible for people to be happy in these circumstances? Is it easier for people to cope if they know that everyone is in the same boat?
It is sad reading and I must say that it is quite a good OP.

As to the question of happiness; it is of course possible for people to be happy in this and other circumstances.
 

Cael

Well-known member
Joined
Jun 19, 2006
Messages
13,343
It is sad reading and I must say that it is quite a good OP.

Maith thú a chara. All Im surprised at is that Sync hasnt moved it to the Zoo - yet.
 

Telemachus

Well-known member
Joined
Apr 8, 2004
Messages
6,565
Website
en.wikipedia.org
Last edited:

LeDroit

Well-known member
Joined
Mar 11, 2010
Messages
1,771
You know what Cael, credit where credit is due. That was an excellent OP but it does undermine your general philosophy. Communism completely prevents personal ambition and a hope of improving one's personal circumstances. But, great OP.
 

Telemachus

Well-known member
Joined
Apr 8, 2004
Messages
6,565
Website
en.wikipedia.org
There's a vid here. Ironically, you have to watch an ad for business class travel on American Airlines before you get to the report.

Japan's tent city | Video | Reuters.com
Interesting Vid, I've a retired millionare Uncle who runs a soup kitchen in the US. He reckons stopping working is the fastest path to death, all his retired mates are dropping like flies.
 

Cael

Well-known member
Joined
Jun 19, 2006
Messages
13,343
You know what Cael, credit where credit is due. That was an excellent OP but it does undermine your general philosophy. Communism completely prevents personal ambition and a hope of improving one's personal circumstances. But, great OP.
I dont see that at all. Its clear that the capitalist ideology that everyone who wants to work will "get on" is simply false. The vast majority are just slaving away for a delusion - while the reality they live in is that they are a desposable slave for the ruling class - who now make up an ever tiny % of the population. The real personal ambition people need to have, is to create a society of thinking citizens - not mindless consumers.
 

Telemachus

Well-known member
Joined
Apr 8, 2004
Messages
6,565
Website
en.wikipedia.org
I dont see that at all. Its clear that the capitalist ideology that everyone who wants to work will "get on" is simply false. The vast majority are just slaving away for a delusion - while the reality they live in is that they are a desposable slave for the ruling class - who now make up an ever tiny % of the population. The real personal ambition people need to have, is to create a society of thinking citizens - not mindless consumers.

The slaves have loads of free time Cael. But they use their time to watch eastenders and english games. How to make them enrich their minds with knowledge rather then watching x-factor and other moron activities?
 

Cael

Well-known member
Joined
Jun 19, 2006
Messages
13,343
The slaves have loads of free time Cael. But they use their time to watch eastenders and english games. How to make them enrich their minds with knowledge rather then watching x-factor and other moron activities?
And the rest of the slaves are working 40 hour weeks. Its certainly not an easy task. The uneducational system, the Murder Machine, trains us to settle for ready made muck instead of holding out for what is really worth having, i.e. the ability to create our world. But, I do believe more and more people are starting to lift their heads up out of the dung, and look at each other as comrades.
 

New Threads

Popular Threads

Most Replies

Top