So, right now there is a recession going on that will be deeper and longer than anything in the 1970s, 80s or 90s, right? And the public finances are in the most dire state since the end of the Second World War and unemployment has passed 2 million whilst worklessness is above 5 million, correct?
OK, so answer me this, where is it? Where's what you say? Where is the recession around me? Where are these great swathes of unemployed? Don't get me wrong, I don't disbelieve the economy has been buggered harder than a rent boy, I'm just having trouble getting my head around where the dire situation really is in front of me, and trying to understand why that is.
After all, think about it for a second, in the 1970s we had massive three day weeks across the country. Power cuts. Strikes that left the rubbish uncollected and dead unburied. In the 1980s we had riots, we had boarded up shops, and whole towns with almost 100% unemployment. This time round, which is apparently much much worse those visible realities are not nearly as clear are they?
Feel free to correct me on this. Perhaps its just where I live and what I do to earn money that is causing this confusion in me. Don't get me wrong, I know there are businesses closing like Woolies etc, I know that people are being made redundant, but even so, it still doesn't feel like were in the hole that we clearly are in, and I want to know why that is.
I have this theory, which I discussed briefly with a friend the other day - who basically had similar feelings that it really didn't feel like we were in a worse situation than the 70s, 80s and 90s even though we know that we are - the theory goes like. The recession of the 00's (notice we've had one a decade for the last 40?), is one that happening in a largely private employment economy which is diversely spread geographically, so the effects, which are severe when we talk about raw numbers, are being more geographically spread with the result that you don't see the recession quite so much.
Has anyone else noticed the strange way we're in a complete and greater mess compared to previous messes but it just doesn't feel like that when you walk out and about on the street? Don't get me wrong, I'm not trying to say "oh it's not that bad" more that whilst it is really bad the perception of that bad through your own eyes doesn't look anything like the times which were apparently not nearly as bad.
I want to know why, or perhaps its just me and the handful of people I've spoken too?