As the Euro-woes and the American toxic mortgage scandals stall the global economy ( stall its growth rate a little - its not as if the whole world has stopped breathing or something), some sectors of the economy are still going gangbusters.
As their cousins did during the long 1870s-1890s recession-depression and during the Great Depression 1929-1942.
Currently it is mobile electronics that is absorbing all the free cash going, and asking for even more, as it throws up cellular towers and fibre optic links everywhere.
New technological wonders alway find ready money in depressions as the 'smart money' tries desperately to get on board the next 'new thing' , whatever it might be, in an effort to survive and even flourish during hard times for the rest of business.
Telephones, lightbulbs and anything and everything electrical did well during the 1870s-1890s business slump in the middle of High Modernity's first decades, as did synthetic chemical illusions during the grim 1930s.
This is why technologically inclined youth often fail to be scarred by growing up and maturing during bad times - 'What bad times?' they ask - all they saw was The Future - and they were sure It Worked......
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Why My Urgency ?
- Michael Marshall
- Nova Scotia
- Histories of WWII all start with the presumption that it was a war raged between humans and human ideologies, with Nature’s climate and geography as side issues easily surmounted.My blog, on the contrary will only accept that it was conflict between humans and their ideology that STARTED the war but that it was the barriers thrown up by Mother Nature (geography & climate) that turned it into a war that lasted between 6 to 15 years and expanded to thoroughly involve all the world’s oceans and continents. High Modernity may have started the war convinced that Nature had been conquered and was about to be soon replaced by human Synthetic Autarky and that only human Tiger tanks and human Typhoon planes were to be feared. But by the end, more and more people had lost their naive faith in Scientism and were beginning to accept that humanity was thoroughly entangled with both the Nature of plants, animals & microbes as well as the Nature of so called “lesser” humanity. By 1965, the world was definitely entering the Age of Entanglement. Billions still believed - at least in part -with the promises of High Modernity but intellectually & emotionally, it was no longer dominant...
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