A Recession is Inevitable

We are now in the midst of a significant global recession. Talking heads on the news tell us how ‘bad’ the economy is. Doom and gloom is the order of the day. However, it is hard to label an economy ‘good’ or ‘bad’, it just is. Downturns are normal and, economically speaking, are beneficial. They ensure a reorientation of resources away from underperforming industries to more promising sectors. Unfortunately, this realignment comes with extremely visible and significant human costs.

A recession, therefore, is not Armageddon. It is a condition we should expect and prepare for. Its effects are beneficial as well as painful; you take the good with the bad. The human cost is one that all those with a stake in society should bear. Hard working people must be transitioned into productive areas, and they will most likely need our help. A recession is inevitable, good and ugly, but through accepting this, we can be ready, assist those who our system leaves behind, and be proud of a strong, productive and caring economy.

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