Novel Solutions For Economic Crisis

I already talked about why I think bank bailouts will fail. And I don’t see this new European whopper of a €1.5 trillion one being any different - if anything, it’s likely to be even more destructive. Aside from novel financial approaches, like debt jubilees, I thought of another concept which I think would surely put everyone on their toes and maybe help take us out of this hairier-than-hairy situation.

Start counting time backwards.

I’m serious. Tomorrow would become yesterday, and so on. And no, I’m not just saying this as a time-traveler either. I’m saying what we need is an incredibly novel socio-cultural response which will distract everyone from the prevailing story unfolding in the conventional media. Arbitrarily deciding to reverse something we all take for granted, like Time Itself would open our collective eyes to all sorts of strange new possibilities in the world.

The one thing I really like about the whole economic/financial crisis thing is that more and more people seem to be becoming aware that THIS IS ALL MADE UP. Money, economics, corporations, governments, all of it. It’s not necessarily the way things have to be, it’s just the way things have become. We can at any moment decide to make any other types of choices we want and change the root directory of our reality structures as we see fit. It’s all up to us. We made all this stuff up to begin with, and we can re-make it any way we want. What’s stopping us?

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4 Reader Responses

1. Ian Says:
   October 15th, 2008 at 10:05 pm

   Germany, France, Italy, Spain, Holland and Austria have joined forces to launch the greatest bank bail-out in history, offering over €1.5 trillion in guarantees and fresh capital in a “shock and awe” blitz to halt the credit panic. he move – unveiled simultaneously in the six states to maximise the show of unity – throws the full weight of the eurozone behind global efforts to stem the crisis.

   Why is this not bigger news? I’ve only seen it on Cryptagon and a few UK news sites. Didn’t see it on Al Jazeera, didn’t see it on the NYTimes, and didn’t see it on Drudge report. Weird…

2. Big Elk Says:
   October 15th, 2008 at 10:16 pm

   “shock and awe” blitz to halt the credit panic.

   Looked at from a purely linguistic viewpoint, you have such a multitude of negatives being thrown around here that the human brain, interpreting these concepts is necessarily going to walk away with negative associations. “Shock,” “blitz”, “panic”, nevermind the references to vicious ways of waging war… I don’t see how these things are going to get better if this is how its all being framed perceptually for people by the media.

3. ian Says:
   October 16th, 2008 at 8:41 am

   I don’t know if the media wants us to think things can get better. There’s this sick suicidal undercurrent to this whole thing, like we’re begging someone (thing?) to come and save us. Like we’re being told that it’s in our best interest to refuse to help ourselves…

4. ian Says:
   October 16th, 2008 at 4:06 pm

   The next two or three years of focus, budget, and effort fixing the financial crisis are two or three years where we aren’t using our rapidly dwindling supply of high net-energy surplus oil and gas to invest in a renewble energy infrastructure or to restructure our economy away from the demand for continual growth.

   A good point along the same line of thought from Jeff Vail. Something subtle is causing this, the timing is just too perfect. It’s a species-wide case of rather negative-seeming synchronicity. I guess it’s time to learn to surf the waves that are bound to be kicked up by the “crash”.