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Recession’s and society change.

Posted by Adrian on October 21, 2008

When I was at school they never taught children the concept of adaptation. Of course I am not a big fan of modern day schooling, if fact the education system is a shambles – and I still think there is that left over late 1970’s and 1980’s psychometric and behavioral biology, that still lingers in the schooling system. Which I believe caused a huge amount of harm to child development in education. The rigid schooling system, ala disciplinary grading and ‘survival of the fittest’ doesn’t really prepare children for the future. Although the education system is intrinsically locked into this current capitalistic system that is amidst a change; a change into the unknown. Could this effect education too? Hard to say, but I have heard certain commentators mock the ‘education system’ commenting on every second student wanting to graduate university with an MBA, or become a CFA, or CPA, in other words work in finance and become a captain of industries. Although the huge recession that is about to hit the world globally is going to ‘mock’ that romanticism of upper schooling and it’s migration to the high paid jobs in the finance industry.

So when I use the term adaptation, I mean it in the sense that life is unpredictable, there is no straight plan or structure. This is the problem, because schooling, education doesn’t allow flexibility. Since you lean and develop problem solving (based on a ‘programming’ from traditional style schooling), it is also essentially to have that ability of adjusting to change – which is not taught, how could it be? Our educational systems prepare slots for children to fit into; the system can’t handle a break or divergence in the educational structure. So therefor children after leaving school find it hard to adapt to change in the workplace. The intrinsic ability in oneself (cultural and/or biological) to change and adapt, especially when taught one way of thinking, is in the small minority.

For the most part, if we are talking about business structure and employment, we tend to believe in the authoritarian solution (refer to the the current fiasco of our financial ‘leaders’ and their ‘plans’). We hope that somewhere at the top they have got it sorted, they will develop the strategy to implicate change and adaption. Sadly if you believed that the leaders have got the master plan, you will most likely see the veiled betrayal instead. My ears bleed when I hear the clueless, inept and blind (leaders) spew out some crazy talk.

So with a return of the robber barron’s and government’ looking out for the rich (almost too blatantly), does that mean that our old nemesis of the free markets Communism will come into play? Highly unlikely. But still a change is there somewhere, maybe something we haven’t seen before a development of a new economic, free market model.

How our recessionary society will react is hard to predict as far as trends (survival or otherwise) in an economic depressed economy. But history has shown what occurs in economic down-times. Yes there will be less money going around, although no this may not be a deflationary recession. So there are so many variables in this ‘slump’. One meaning that some prices will continue to rise. The survival aspect is hearsay, but the outcome after a harsh recession (especially the unfolding present one) could be dramatic and unclear.

There a good article on the changes of lifestyle in an economic downturn, mostly negative (lifestyles), written in the New York Times. Although the article doesn’t discuss in detail adaption when things go south economically and it’s widespread social implication. It does talk about the various trends that occur, people are generally healthy (physically), they lose weight, although mental illness becomes a widespread proplem.

Regardless it’s an interesting read, despite the fact there is a lot of unknown aspects to what this recession may have in store for us all. Article here

Recently on the BBC there was an re-enactment of an discussion with a London Banker, who wanted to remain anonymous. It was an actor that had a transcript (possibly from an interview), the banker went onto say ‘yes we were responsible for the mess’, ‘but so was everyone else’ and he also said ‘we knew deep down something wasn’t right with the whole market (CDO’s, CDS – mortgage related securities and derivatives) but we didn’t stop’.

The point I am trying to make here is the continued equilibrium in everything just doesn’t exist, for some reason we don’t accept that things will come to end. I discussed this in an older post I wrote at the end of 2007 called Forecasts and Risk assessments. Can we predict the future?

Old Models become obsolete, new ones are born. But the question is asked do we learn from our mistakes this time? Or continue to make them?


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