On a personal note, i can safely say, i hate the credit crunch. But this is simply because i hate my job, and due to the recession there are no new jobs out there, so im stuck being a check out monkey.
However, looking into the issue on a serious note, it would seem the this global recession could in fact be beneficial in the long run for terms of sustaining our world. But who would we be sustaining it for? Is it REALLY helping the environment. I looked into this issue using google and came across a podcast
http://www.sciam.com/podcast/episode.cfm?id=is-a-global-recession-good-for-the-08-11-13
In the podcast, Biello (2008) explains that if the economy is in downfall, then how are we meant to pay for the improvements being made to the environment and helping to prevent pollution? not only that but as we have seen in history, when people run low on money they become desperate and so resort to illegal methods of extracting resources needed to help provide for themselves. Surely this is more damaging to the environment?
Not only that, but from looking a an article in The Sun (posted 7th Feb 2009) http://www.thesun.co.uk/sol/homepage/news/article2214498.ece
the economic downfall could potentiall kill children! Ok im not going to say it to those measures, but a fair point has been raised. Families will face hardship, which CAN lead to violence, especially towards children, and at the same time, people dont have as much money to donate to charitys anymore. This is very concerning.
People can benefit from this all though: http://www.economicshelp.org/blog/recession/who-benefits-from-a-recession/
Dept collectors pawnbrokers, second hand dealers of all sorts of equipment, but do they really need to benefit off other people misfortune, other peoples misery and sadness? Sure, with pawnbrokers the public can buy "things" for less money, but its second hand therefore the condition of the product might be low standard.
What if standards of living deminish, more people will become sick, who is going to pay for them to get better?
All this being said, i personnally will be walking more often, why waste money i need on fuel consumption, or on food i dont actually want to eat?
