Thursday, March 12, 2009

Shift from "surging" to "dwelling"

An extract from a blog on how a modern depression would look like..
In precarious times, hunkering down can become not simply a defense mechanism, but a worldview. Grant McCracken, an anthropologist affiliated with MIT who studies consumer behavior, calls this distinction "surging" vs. "dwelling" - the difference, as he wrote recently on his blog, between believing that the world "teems with new features, new things, new opportunities, new excitement" and thinking that life's pleasures come from counting one's blessings and appreciating and holding onto what one already has. Economic uncertainty, he argues, drives us toward the latter.

Economists feel that the recession which is in full swing, is deep enough to become a Depression, like the Great depression of the 30's. So the global outlook would turn to more of a dwelling nature, rather that a surging one. 
I now ponder... what could be the best way to make the most out of a Recession ? Clearly clinging on to the job you have, if you have one, will be the one everyone do, so it won't make a difference. How to take advantage of the "dwelling" times that's coming? 

I will post my answer when i find out!!!!!!!!!!

1 comment:

  1. Vinayak GirikumarMarch 17, 2009 at 5:40 AM

    Good Blog Rishi....Good work !!!

    (I've started lying as u advised me :p)

    Seriously, it's a good start bro...Keep it going :)