using my inside voice

The Economic Crises - a Catchall Excuse

Politics, Community & Society | March 17, 2009

Lately I feel like the economic crises is the global defence of all ills. It is the "dog that got my homework" rationalisation for any single event that could be even remotely linked the economic crisis.

Got to make some cut backs at work? Blame it on the economic crisis.

Don't want to buy an expensive bottle of wine? Lay it at the feet of the economic crisis.

Don't want to make a detour to pick up your friend because of the extra gas it would take? Damn this economic crisis for encroaching on my basic driving rights!

Don't blame it on the gas price, don't blame it on your tightness, goodbye to the good times, blame it on the crisis (sing this in your head to the tune from Blame it on the Boogie). Pretty catchy huh?

If you have been affected by a pay cut, or worse, redundancy, then sure, don't buy that bottle of wine, and stop driving your car altogether. But, for the majority of us, I think everything has been going okay. Sure, maybe you took a small pay cut, and sure, maybe you might want to save a little more at the moment, but really, how much have you been affected? Day-to-day, what have you really had to forgo?

The answer is nothing. We are collectively scared witless, so we've stopped spending money, maybe not taken a holiday abroad this year, and holed up like polar bears for the winter.

I for one am not going to capitulate to this so-called economic crises. I will still buy $15 bottles of wine dammit, and I will still ask my friends for lifts ... although, maybe they are the ones in the sticky situation... in that case, I will offer my friends more petrol money!

People should continue their lives as before. Saving more than you are spending is a huge contributing factor to this whole debacle. As an example, Australians have hit a 20 year savings high. And, what is this achieving?

Similarly, more than 95 percent of Australians have left their mortgage repayments as is, despite dropping interest rates. Fear of this financial emergency is seeing people pay their debts off ASAP. As they say, there is no more solid investment than bricks and mortar, so best to secure it...?

An interesting conundrum.

Some would argue in favour of this changing trend, saying a decrease in materialistic tendencies could only do the world good. I would agree with that sentiment. Therefore, we should all be spending our money on holidays, food, wine and enjoying our lives to the fullest. Sure, tuck away some money for a rainy day, and spend the rest on doing things you love.

I realise my argument is rather one-sided and incredibly lacking in research or knowledge, hence the beauty of the blog. It allows fools to proffer conjecture at a moment's notice, on any topic they choose, without the need of reference, experience or good judgement. God bless the internets.

Any Comments?

About Bay Oliver

Bay's career has been many and varied due to a penchant for traveling the world. After completing a double degree in Business Management and Journalism at the University of Queensland in 2002 she was lucky enough to land herself a job at Brisbane's Quest Community Newspapers. A year of roving reporting brought the epiphany that journalism and Bay didn't jive.
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How to be creative...

Creating an economically viable entity where lack of original thought is handsomely rewarded creates a rich, fertile environment for parasites to breed. And thatʼs exactly whatʼs been happening. So now we have millions upon millions of human tapeworms thriving in the Western World, making love to their Powerpoint presentations, feasting on the creativity of others.

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Categories of Published Work

Money Matters and Dreams in Tatters

Published: March 26, 2009

How do you do what you love each day, make money, and be happy all at the same time?

Life of Riley

Published: September 10, 2010

Lessons on window shopping and the like.