Friday, March 28, 2008

Whiting while having Write Ale.

I am by no means an economist. I recently acquired a Bachelor's of Arts in Communications with a specialization in Journalism. This basically means that I know how to write, kind of. I know how to write in "AP Style," and in the "inverted pyramid style -- a form of writing specifically designed for the Civil War that, for various reasons, has become the format of choice for "hard print news." There are reasons this format is appropriate at times, but it is not ideal. That the inverted pyramid style is the pinnacle of our current Media -- as far as depth and quality is concerned -- is unfortunate. What's more unfortunate is that television news or no news is what most people are using to make their decisions. That and commercials.

So, back to the economy.

I am not an economist. I have no idea how our current fiscal situation is going to play out. I know that energy prices are rising, which translates as all prices going up on basically everything. The value of the dollar is turning to crap. Recently I've seen mainstream newspaper business section openly question fundamental questions, like if globalized capitalism is actually a good idea, or if centralized banks are a good idea. There have basically been three propositions/solutions that I've heard that people are offering to fix the economy.

#1: The economy is fundamentally sound. The market goes in trends, so it will fix itself. We will go through a short period of "slow growth," but it won't be a recession, because we don't curse in this house.

#2: Have a super-strong, effective centralized government that "gets things done." I almost have sympathy for a short-term socialism that would make some policies to take on the various companies that need regulating. The only thing is that one of the main reasons so many of these companies have taken over the market is because the government subsidizes them. Also the fact that I don't have confidence that the kind of regulations we will probably get will really address our fundamental issues.

#3: Move away from globalized capitalism. I've actually heard some mainstream new sources mention this. They never go as far to define what such a change would look like, or how we would shift into such a different environment.

We will probably get #2, which is an appropriate pun.

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