chownah wrote:So, why do all of you fear the possibility of a depression?
Speaking from a personal (non-American) perspective, my concerns around a depression isn't the reduction in GDP for 2+ years (because we probably already generate too much "stuff" as a society) but about the impact of rising unemployment to the individuals and families impacted by loss of the primary family income, and the social ills such as crime, drug dependency and mental health issues that can arise from a high structural unemployment rate, which can lead many people to become "unemployable".
Metta,
Retro.
"Whatever is true, whatever is noble, whatever is right, whatever is pure, whatever is lovely, whatever is admirable—if anything is excellent or praiseworthy—think about such things."
chownah wrote:So, why do all of you fear the possibility of a depression?
Speaking from a personal (non-American) perspective, my concerns around a depression isn't the reduction in GDP for 2+ years (because we probably already generate too much "stuff" as a society) but about the impact of rising unemployment to the individuals and families impacted by loss of the primary family income, and the social ills such as crime, drug dependency and mental health issues that can arise from a high structural unemployment rate, which can lead many people to become "unemployable".
Metta,
Retro.
That is pretty much it.
>> Do you see a man wise[enlightened/ariya]in his own eyes? There is more hope for a fool than for him.<< -- Proverbs 26:12
This being is bound to samsara, kamma is his means for going beyond. -- SN I, 38.
“Of course it is happening inside your head, Harry, but why on earth should that mean that it is not real?” HPatDH p.723
I guess, then, that neither of you fear a depression but you are concerned about a crime rate getting bigger, about the amount of drugs being taken rising etc. Dukkha. Anyone who has been living and working in amerika for long would have saved up a bundle of money unless they had greedily spent it on indulgements.....crime and violence are certainly a concern and I try to help people avoid these things when I can. I think though realistically that the big fear in most amerikans' minds is that there will be less money to spend and luxuries will disappear......no new tv, computer, car,clothes, hairdo, nail polish etc...........basically that the objects of clinging will not be available in adequate quality or quantity.
chownah
chownah wrote:I guess, then, that neither of you fear a depression but you are concerned about a crime rate getting bigger, about the amount of drugs being taken rising etc. Dukkha. Anyone who has been living and working in amerika for long would have saved up a bundle of money unless they had greedily spent it on indulgements.....crime and violence are certainly a concern and I try to help people avoid these things when I can. I think though realistically that the big fear in most amerikans' minds is that there will be less money to spend and luxuries will disappear......no new tv, computer, car,clothes, hairdo, nail polish etc...........basically that the objects of clinging will not be available in adequate quality or quantity.
chownah
A depression is to be feared for the potential increase in poverty and suffering, which is how I read retro msg. As for your -- I think though realistically that the big fear in most amerikans' minds is that there will be less money to spend and luxuries will disappear -- that bespeaks more about your prejudices (as does your cute "k") than the reality of what "most Americans fear." You simply do not know of what you speak.
>> Do you see a man wise[enlightened/ariya]in his own eyes? There is more hope for a fool than for him.<< -- Proverbs 26:12
This being is bound to samsara, kamma is his means for going beyond. -- SN I, 38.
“Of course it is happening inside your head, Harry, but why on earth should that mean that it is not real?” HPatDH p.723