Looking for silver linings… September 16, 2008
Posted by docgrubb in economics.trackback
Well, what an appropriate day to start this post. What I and oodles of real bloggers have written about, economic melt-down, seems to have bubbled over this Black Monday. No doubt the foregoing fall in commodities and rally of the dollar had been manipulated by the hidden powers-that-be. But you can only manipulate a system so many times and so many ways. When your restructurings, hedges, default swaps, leveraging, derivatives, creative debt collateralization, and currency manipulations are all pushed to exhaustion, the dishonest charade has to crumble. God will not be mocked, and Nature, like even Jurassic Park teaches, cannot be cheated. So the rally had to be temporary. The central bankers have their hidden Aces and one-eyed Jacks, but they are not omnipotent.
But the coming collapse, no matter how misery-inducing, cannot be a thoroughly or an utterly negative development. This author/philosoblogger, http://cluborlov.blogspot.com/ , has at times emphasized observing or taking advantage of the positives in economic downturns or worse. So I’ve thought, why not make a list of what would be the positive outcomes of economic ruin? I have many ideas, but I’ll just start the list, and invite any reader to add to it via the comments. Happy thinking…it’s free, afterall.
Number 1. Global warming will become a moot point as fossil fuel prices (or non-distribution) put them out of reach of the average Joe.
2. Farmland will stop being gobbled up by subdivision development.
3. If malnutrition can be avoided, then public health might actually improve as folks take to their bicycles. Obesity disappears.
4. The production of garbage will plummet.
5. Teenagers will learn that there is a real world out there, not just the virtual. Indeed, that the former is dominant (whad’ya know?). They will learn skills beyond text-messaging.
6. The great Insecurity will help us (including me) rediscover prayer.
7.
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