My point is only the fact that medai is not helping.
i understand the way it works, im not retarded, but if the medai would stop blasting we are in an economic slump it wouldn't be so bad.
Once the media started blasting this what happened? the economy went down.
If the media are just reporting the facts, then good, that's their job. If people are smart they will stop spending, even if that leads to a 'social trap' - that people stop spending when they realize how bad things are and that will accelerate the downturn. That is why the Democrats are pushing for a (far too small) stimulus package. I laugh my ass off every time I hear the Republicans talk about tax cuts...the people who aren't spending money either don't have jobs or don't make enough that a tax cut will seriously help them. Neither of them understands that capitalism is the problem and that the only hope of building a stable, sustainable economy is to move beyond the free-market, anti-government dogma.
The point is that this is more than a slump, it is the end of a phase of capitalism that started in the 60s/70s and nobody really knows what is coming next. Everyone knows capitalism follows a boom/bust cycle, although people like Greenspan were drinking enough of the Friedman-brand Koolaid to think that they had somehow overcome that. Innovation has provided the means to continue growing the economy and increasing everyone's standard of living and has allowed the capitalists to continue to accumulate more and more at the costs of working people. Nobody can predict what will revive the economy, what the next 'boom' will be, but if there isn't one it will very likely be the end of capitalism as we know it. No more growth means that wealth will have to be redistributed much more radically and economies will have to be completely reanalyzed and redesigned.
I'm very lucky that the company I work for
appears to be doing well, but we haven't seen anything yet; the more pessimistic of mainstream economics are predicting that this is only the beginning.