What do recessions bring?
On the most basic level, what’s happening now: the collapse of one or many sectors of the economy, a drop or collapse in house prices and, most importantly, a loss of jobs. The latter is the hardest – when you have to struggle all day every day for weeks, months, years just to get a job (‘finding a job is a full-time job’), and kiss ass to some dickhead boss just to keep the job you have – and it’s amazing how many cretins, how many exploitative, bullying little pricks come out of the woodwork when times get bad – a recession is more than just numbers or news of some hedge fund company going bust. It’s real, and it’s now.
But recessions are awful only incidentally because of economics. After all, in purely economic terms, folks around the world and in very recent history lived much worse than us and put up with much more. It’s the way people get. You can see it even now, before the pain has really set in – people withdraw, get fearful, they look inward. Emotionally, spiritually, culturally, it is the equivalent of the banks not wanting to lend to each other. In some cases, if things get bad enough, and go on long enough – people can even get evil.
It’s not the economics, it’s the fear, resentment, the inward-turning loss of spirit you have to watch out for. And in Britain, it’s an open question which way it will go . . .