Friday, June 12, 2009

The Recession is Great According to Forbes

Ah the "purifying fire" effect of the Recession.

Prices will tumble until goods find buyers, making it a very good time to go shopping. The recession's benefits also go beyond the purely tangible. Last week I met an artist, Kendrick Mar, who compared the downturn to a "purifying fire." We were talking about the end of high prices for bad work. But there's something else going on too: a burning away of dross in our personal and working lives.

The thing I am hoping for is this purifying fire destroys the notion of irrational excess that the media pushes on us. The idea that some 16 year old girl can spend $100K+ on a Sweet 16 party that is glamorized on MTV should be seen as aberrant. I hope Americans get to think about how much good that money can do for needy people instead of how it can be wasted on some bratty kid.

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