Saturday, July 04, 2009

Recession a Boon!!!!!

Recession brings with it many problems. I need not tell you that. But it also brings with it some positive things. The truth is that recession is not a good thing for anyone. But we will be making a gross mistake if we allow ourselves to think that there are no advantages that come with it. As they say in every dark cloud there is a silver lining. What we should, therefore, do is to look for the silver lining. During the recession efficiency becomes the catchword. There is nothing more efficient than creating an advantage.

According to me Recession is a boon in disguise. I would like to justify my perspective here.

Recession helps save the environment. As the demand for goods decrease, their production too decreases and with it the associated hazardous effects to the environment too decreases. And also helps us conserve our natural resources as less electricity and fuel are used.

Recession gives rise to people oriented policies. We are now seeing most governments adopting citizen focused approach in their economic and developmental policies. These periods makes them think about the people of the country so as to garner support to win elections for the next term.

During this period we are forced to spend money wisely. People are trying to be very thrifty in their spending because they are not sure if they will be having the same income. Moreover it has made people to shop in local stores rather than those big bazaar, etc. We learn to shop for necessity than for luxury.

This period also makes us inculcate healthier habits. That is healthier home cooked food instead of visiting pizza hut or McDonald, which in turn strengthens family ties and also gives a chance to communicate better with family members or that odd game of chess.

Then it helps curb domination by a single company. The recession hits the big companies the hardest. So it gives fair chance for the small companies to compete with their bigger counterparts. More competition means better products. Moreover in this period companies heavily spend on Research and development. So as the recession ends you will be seeing a flurry of technologically advanced products.

It also gives time to rethink about your careers. If you lose your job, don't be sad. May be the job didn't suit you. Moreover in this period many go for higher education to improve their qualifications and hone their skills for a better job after the economy becomes stable.

This is also a good time to start your own business. When the economy is good, there is so much competition around that your business may not even get noticed. A period of recession offers that ideal relaxed ambiance when you can start a small business and work your way to the top. Start-up costs are much lower in a recession than in boom periods. You won't believe me if I tell you that HP (Hewlett Packard) was started during the Great Depression by Bill Hewlett and Dave Packard and today they are multimillionaires. Many such people became millionaires during The Great Depression. Don't miss your chance of becoming one.

You also get very low interest rates in this period. During recession, central banks tend to lower nominal interest rates in order to spur investments in machinery, land, factories, etc. So financing your business could be much cheaper.

As the economy is deflating, prices of goods too tend to fall. You also get great deals on various services in this period. Retailers offer steep discounts. You could go for your dream vacation at lesser expense. Crude oil prices have decreased greatly. Even your cellular companies offer good economic plans during this period. Even home prices fall during this period.

I'm not trying to make light of hardship in any way. Certainly recession sucks big time. All of us have been affected one way or another. If I had the choice, I'd prefer to earn a penny than to lose my job.

The problem is thats not how it's working at the moment. We're running into the reality that the world as we know it has changed, and like it or not, we must change with it.

I hope my views will help bring new ideas about recession and help you to look at the positive possibilities it brings along. And moreover imagine the world beyond the current recession.

2 comments:

soujanyak said...

i think d same u had told in d debate, right??????

Devrath N D said...

Yeah. Just copy and paste