I was reading this article on the NYTimes about the new (it’s still shiny I suppose) recession that we’re soon to be descending into, and I couldn’t help but notice some interesting things going on that weren’t explicitly stated. While obvious changes are taking place – no big vacations, lavish parties etc – the sentiment that is reverted to? “Connectiong”. Staying home with family. Spending time “connecting”. Does this seem to imply that in times of luxury, that people aren’t connecting? Aren’t being with family? Or is this just couching cheap entertainment in newfound, rediscovered “morals”? Finding worth in things that always had worth, but weren’t expressly valuable until there wasn’t as much credo on actual things?
It seems to be that the whole world is “playing recession”. Its chic and in to be conservative and thrifty, cool to be in the Value Village instead of Barney’s? I’m confused. What about those that simply live this as a way of life? I’m interested in what happens economically to those who have always been thrifty. Are we better at it? Does the bottom rung fall a little further when you have to fight off more people in the Salvation Army for the good stuff? Or do the poor remain poor, the middle class fluctuate and the old money just doesn’t buy avante garde art and reverts to quietly buying master works? I can, of course, only examine this through my relatively middle class sometimes student poor eyes – we’ll do ok, as we always have. We can “play” at recession with cloche hats and homemade jam while making good money in our one horse economy. We always liked spending time “connecting” anyways. Just some questions for any economics people out there.