Thursday, November 20, 2008
The Yearly Xmas Admonition, Updated
Yes yes, this is the time Chaos will launch into a rant on the materialism and commercialism of Xmas, the early start, the slavish devotion to the market's demands, and the ridiculousness of citizens putting themselves into debt. None of this seems necessary at this particular moment in time, seeing as how the economy is collapsing faster than can be recorded, jobs are being shed at a breakneck pace, and companies (particularly retail) are busily filing for bankruptcy, or at least preparing for a very chilly January. At the risk of being redundant, then, here's the latest: the world is entering a global deflationary depression. Prices for assets will drop, because people will have no money to buy. Jobs will shrink, governments will go bust, promised pension benefits will not be paid, people will starve. Those with debt will be destitute, those with cash will make out somewhat better. In light of this, the celebration of the holidays should not be marked by increased consumption of anything, except perhaps food and beverages. Take Chaos' advice, get an early start on living with less, spend nothing on cheap trinkets this year.