That's how economists talk on the BBC, and a suprising number of upper-middle to upper class people see the recession as a good thing because they live in a little bubble and can't see the faces of the working class. I remember a lecture I went to two years ago about this art critic saying that some people think the recession is a good thing because it will improve the art market by getting rid of 'bad art'. In reality it made the art market focus even more on decorative abstract paintings which are based around the asthetics of coloured blob arrangements, rather than being based on any ideas (and in the space of a year, one of the coolest places to see art, cork street, became a shrine to generic blobs, because they sell well to the confused middleclass who want a piece of art as a commodity for status purposes). And despite the influx of 'pop-up galleries' and young artists doing their own things, the top end has become even more secluded and insular as if in it's own safe little bunker of denial as it can't see the art market crumble around itself into a vast ocean of blobs on canvases by people who saw rothko and pollock and thought 'KERCHING!!' but because they are fundimentally flawed copies, they go for comparatively peanuts and so the market is struggling to sustain itself like an elephant with two of it's legs hacked off, and us punters watching it, discussing which side it will fall. I digress.
thing is, nothing's gunna change because the system is too reliant on and controlled by the bankers, and after it's all over with this time, they'll still be in the best position to then get even more control over governments (just like in the 1930's). And then the process will repeat itself down the line again and again etc. Surely one of the signs of a system working is stability and not a repeating cycle of economic crashes...
Economic troubles should be the time for governments to focus more on helping those who are worse off, helping people have some stability, engaging on massive social engineering projects to improve the country's infostructure (which will also help country pay off debt in the long run) and such. But they're going the other way still. Here, we're not only having spending on public services cut, but also things like the NHS has having to go through a gauntlet to survive, as parts are being chopped off and handed to the private sector because david cameron seems to think free healthcare is wrong. We have the police force also being disected and handed to various private firms who have to function on a profit basis, which is the most absurd idea ever (it has already happened to the forensic science sector and is being planned for more). The recent change of reulations for the banks (by recent, I mean they're given like ten years to impliment it) is nothing more than facile superficiality with many of the bigger banks publicly admiting they're not going to go through with it. We're having a high speed railway built, sounds a good idea, however england's already extortionate transportaion prices (i can travel all day around europe on train for less than a return ticket to london which is less than an hour away) mean that it will only be affordable for the middle and upper classes, which to be honest is the best example you can think of for how the english government works. It takes land away from the working class (and away from protected woodlands) to create something which benefits those who are better off (it also takes land from middleclass nimbys, I know, but those guys can afford to move and have five different jaguars and bmws so the idea of them 'suffering' because of this is truely dumb) .
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