Government And Economy

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A Good Recession?

Written by Beth Marlin Lichter
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Is such a thing possible? At this time, in America, especially for the next generation, the answer is undoubtedly yes.

So many signs were pointing to a future less attractive than the past. Global warming, my personal prime issue, seemed irreversible and potentially intractable. Its effect on the rare and precious from animal extinctions and retreating polar caps had already reached a point of criticality. Our concern over our own government’s lack of response was exceeded only by concern that newly industrialized nations, intent on raising their own standard of living and far from the reach of US political institutions, were now rapidly increasing their contribution to the problem. We felt helpless.

Our country was also engaged in a costly, largely unpopular war begun for reasons which in fact did not exist, which by most rational accounts was making the world less rather than more safe, defocusing our efforts to finishing off the perpetrators of the 9-11 terror, Al-Qaeda while simultaneously enraging the Iraqis and the Arab world alike.

National infrastructure, unscathed during WWII and built up over the last century had become a patchwork of aging systems. Levies and dams we failing or threatening to do so, bridges and roads were in disrepair, development of efficient mass transportation and telecommunications had fallen far behind the world leaders. It is hard to believe we still have so ancient telephone poles – technology from the late 1800s and no high speed trains – technology from the late 1900’s.

Energy policy was backward, relying primarily on fossil fuels primarily imported and investment in alternative energy lagging.

All of the above were serious problems and all will benefit in significant ways from recessionary effects.

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