Life After the Economic Crisis
Much has been written on this blog about immediate responses to the crisis. We have analyzed proposed measures in depth and advocated for bold novel solutions. But it seems to me that we haven’t spent much time looking forward a little past the here and now.
Last week, I was contacted by a Montreal-based journalist, Alex Roslin, who was looking for progressive economists to do precisely that: make some reasonable extrapolations about how markets, the economy, the regulatory climate, politics and society could change because of what has happened – perhaps drawing on similar crises of the past. His piece, Economic crisis may shift society’s direction, ran this morning in the Vancouver independent weekly, the Georgia Straight. It is an interesting article, well-researched and well worth your time (it is quite lengthy). And I’m not just saying this because my photo graces the top of the page.
I’d like to pose the same question for discussion on this blog: what would society look like after the economic crisis?
Obama’s Cheif of Staff, Rahm Emanuel, advised that â€œYou donâ€™t ever want a crisis to go to waste; itâ€™s an opportunity to do important things that you would otherwise avoid.â€ How can we better seize these opportunities and make sure that at the end of the tunnel we emerge as a more just, caring and sustainable society?