Forum Posts

shopon hossain
Apr 07, 2022
In Wellness Forum
In 2011, the hardest year of the European debt crisis, Greece, the country that suffered the most from the crisis, contracted 9.1%. It is the first time since GDP existed as a measure, created after the Great Depression in the 1930s, that emerging countries have had negative growth. It is also the first time in 40 years that the Chinese economy has contracted; the gdpin the first quarter fell 6.8%, something unimaginable before the crisis. This is a worrying fact for the regime, whose legitimacy rests almost exclusively on a kind of perpetual growth. Many of these figures are somewhat obvious, or at least expected. The global economy is in an induced coma. There are clearly countries with comparative advantages (some are coming out of confinement before or have managed to control it Whatsapp Mobile Number List as China, or maintain more relaxed confinement measures, such as the Nordic countries or Germany). But in general all countries are facing the same thing: an almost complete freezing of the economy. If this is so, what is the use of carefully accounting for the fall? As the philosopher Manuel Arias Maldonado says, “to say that CO 2 emissions have plummeted or that movie tickets have not been sold would be impressive under normal conditions; but they are not, these are unavoidable effects given the paralysis of the social body. And it's counterproductive to 'sensationalise' it."3. That is to say: the economy of the Great Seclusion is today the “new normal”. Accounting for decline is sometimes a voyeuristic temptation or is simply akin to watching the inevitable downward trajectory of a parachutist whose parachute fails to open.
0
0
3

shopon hossain

More actions