Historians will tell you there is often a time-lag between the onset of economic disaster and the accumulation of social fury. In act one, the shock of a crisis initially triggers fearful disorientation; the rush for political saviours; instinctive responses of self-protection, but not the organised mobilisation of outrage…Act two is trickier. Objectively, economic conditions might be improving, but perceptions are everything and a breathing space gives room for a dangerously alienated public to take stock of the brutal interruption of their rising expectations. What happened to the march of income, the acquisition of property, the truism that the next generation will live better than the last? The full impact of the overthrow of these assumptions sinks in and engenders a sense of grievance that “Someone Else” must have engineered the common misfortune….At the very least, the survival of a crisis demands ensuring that the fiscal pain is equitably distributed. In the France of 1789, the erstwhile nobility became regular citizens, ended their exemption from the land tax, made a show of abolishing their own privileges, turned in jewellery for the public treasury; while the clergy’s immense estates were auctioned for La Nation. It is too much to expect a bonfire of the bling but in 2010 a pragmatic steward of the nation’s economy needs to beware relying unduly on regressive indirect taxes, especially if levied to impress a bond market with which regular folk feel little connection. At the very least, any emergency budget needs to take stock of this raw sense of popular victimisation and deliver a convincing story about the sharing of burdens. To do otherwise is to guarantee that a bad situation gets very ugly, very fast.
Schama knows this terrain cold; his chronicle of the French Revolution, Citizens, made clear what a bloody affair it was. Even so, his account in the Financial Times in some key respects understates the degree of dislocation suffered by many in advanced economies. Schama depicts the crisis-induced change as merely the end of rising expectations, but the shock is deeper than that.
Severe financial crises result in a permanent decline in the standard of living. For some citizens, that has come through contracts being reneged, in particular, pension cuts. Other people see their savings in tatters and have no realistic prospect for being able to fund their retirement. And for many of these individuals, the odds of finding continuing, reasonably paid work are low. Even before unemployment soared, people over 40 face poor job prospects.
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BRITISH AIRWAYS ON STRIKE
BRITISH Airways cabin crew will go ahead with a wave of strikes from tomorrow after hopes of a last-ditch deal collapsed.
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BRITISH AIRWAYS ON STRIKE
BRITISH Airways cabin crew will go ahead with a wave of strikes from tomorrow after hopes of a last-ditch deal collapsed.
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I'm in that boat. 44 years old with no job prospects. I have looked for many things.I live in Southern California and if you do not speak spanish, forget it.Thankgod I got out of most of my investments and went with custody of P.M.s
ReplyDeleteNot thanks god, thanks to you for realizing our system we grew up with is over forever
ReplyDeleteI just turned 41. It’s a bad time to change careers. Construction is no longer a viable way to support a family. I would love to join the border patrol and go beat some Mexicans off camera but I'm over the age limit. It’s true, after 40 the options are fewer. My near future may be working at a Walmart stocking shelves at 2:00AM and living on food stamps.
ReplyDelete232 all part of the nwo plan, and you will like it and when walmart stops hiring and they cut food stamps, you will starve Literally!
ReplyDelete2:19. I do not understand why people that do not believe in a higher power feel the need to mock people that do. Never the less, Thankyou for the thumbs up.
ReplyDeleteIt's not mock, its fact, just face it and do the best you can for you and yours, no one will save you but yourself
ReplyDelete2:54 Here is a fact, you have your head up your ASS! Just reach down between your legs and pull it out. After that feel free to post a comment.
ReplyDeleteMore mock! Whatever! Oh but I'm ready allright. I have a nice home out of L.A. Ready to go. I am so concerned that this is here just about now,that I am strongly thinking of leaving for it this week. You and yours, I mean mine and mine,won't listen. Sitting ducks, DOOMED.
ReplyDeleteI have been doing a lot of reading and have come to the conclusion that for the most part we are done. It is very true that the "common man" will not be able to find employement because of outsourced labor.Nafta was the beginning and then China preferred nation status was the final nail. If a corporation is making money it is because of overseas divisions not thier operations here. With the debt both USA and private I can not see any conclusion other than a depression and violence unfortunately. Please prepare the best you can and pray for the best.
ReplyDeleteBelieving in a high power is stupid. I'm 38 and I know in 2-3 years my job will be outsourced to some lowlife slum living indian for pennies on the dollar.
ReplyDeleteGlobalization has decimated the USA ,praying, going to church and "believing in a higher power" will do nothing to change these facts.
I'm 55, out of work since December for the very first time in my professional career, no insurance, 401K & IRA down by 60%, savings reserve down to 3-4 months, over 500 resumes on the street without a nibble. Will be trying to peddle my engineering degree to Walmart, Target and Sears next for a $8-9/hr job part time job.
ReplyDeleteIs this the light at the end of the tunnel?
tldm.org
ReplyDeletetheres one that can save you
may your path not be a long one
he is with us now
this is his show
May 24th ...---... ...---... ...---...
ReplyDeleteI do not think the zombie sheeple in the US are awake or will be awake anytime soon. Perhaps when the economy finally collapses or some other major economical event occurs, maybe a few will wake up. I am not optimistic, going by my friends and relatives, most of whom are addicted to watching their tv's & think everything is aok. That's what their tv's are telling them.
ReplyDeleteWar is Peace
Freedom is slavery
Perhaps when the sheeple wake up one morning and see the dollar has been devalued by 50%, and they all of a sudden have 50% of the money they had in their bank accounts, maybe some of them will take to the streets. When they get hungry, and have no food, that's when the TSHF.
Better prepare with lots of ammo, storable food, gold & silver, water & some good reading material.
This Schama fellow has some tainted material. It seems to me that his ideas of the revolutions that come during economic ruin are a bit Marxist, naturally his education is probably Marxist and therefore not reliable when it comes to facts and anything practical.
ReplyDeleteHe thinks the French Revolution was a bloody affair, it actually had very little battle in it until the end. The French Revolution was mostly done through reforms and writing, the aftermath was the bloody part. He would probably have people believe that it was justice the people received...
His historical tone seems like it comes through the view of a typical Socialist which I'm sure he thinks China's Cultural Revolution led by Mao and the storming of the Kremlin were great events in history. The site the article links to is nakedcapitalism.com, I wouldn't give any degree of credibility to those who would condemn capitalism over socialism.
With that however I don't like capitalism, and I am definitely expecting the worst. But when the smoke is gone the survivors can rally and think diligently on a much better foundation for the future of humanity than anything we've used before or use today.
Get with it people!! Six posts so far and no one has been called a moron or sheeple. Whats wrong with you guys tonight?
ReplyDeleteI'm in that boat. 44 years old with no job prospects. I have looked for many things.I live in Southern California and if you do not speak spanish, forget it.
ReplyDeleteWhen in Rome learn to speak as the Romans Do .
Even if what you say is about the job problem is true and not (racial)propaganda for defending the system and the golden past .Instead of blaming your masters for their inability to provide you and the spanish speakers with high waged work ,blame the "natives"?
Why cant you learn Spanish to get a job?
After all English was imposed on the locals when california was invaded and seized by english speaking America not so long ago and changed into Calipornia.
The locals were clever enough to learn English to survive and adapt to the changed conditions for work.
What are You?
What are you saying? That you are a not so clever Anglo /german/ saxonic stupido?
To much of an Dumbo American standing on the dignity of your race and its past priveleges to be able to adapt and compete ?
Why couln't you lean to speak Spanish dumbo or are you just to lazy to work hard?
revolution will be on the web 2.0
ReplyDelete9:14-"The locals were clever enough to learn English to survive and adapt to the changed conditions for work."
ReplyDeleteIf that werw true, why do I have to press 1 for English?
"After all English was imposed on the locals when california was invaded and seized"
The Mexicans LOST THE WAR AND SIGNED A TREATY.
Americans SPEAK ENGLISH! If you love Mexico and the Spanish language..No problemo. Got live Mexico, otherwise SHUT THE FUCK UP!!
"Objectively, economic conditions might be improving"
ReplyDeleteWhere are the JOBS?!
Census, seasonal, part-time and temporary jobs don't count!
you have to adapt or parish in this new world.things have changed.
ReplyDeleteI'm seeing an alarming trend growing on the forums and blogs.since the political campaigns started so has the bashing of immigrants.last year nobody mention them, now they are to blame for everything that is going bad.
it didn't solve Germany's problems and it won't solve ours...