modern life is rubbish...
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- kezza_2
I thought about this last night and I don't know if this is political or not but...
Last time there was a downturn (the early 90's) we had no internet, no 24 hour news, no RSS feeds of the stock market...
Which got me to thinking is the situation of fear we've got ourselves into a product of the connected world we built or more than that.
Will this recession be worse because on a much bigger scale we communicate this to one another?
I remember the last recession and I don't remember anyone ever talking about it as much, we had the news at night that was it. No debate, no global discourse...
So is the internet the wind that fans the flames?
Off to the pub to ponder this question.
- Greedo0
I'll sms you my thoughts...
- kezza_20
thank you...
- cannonball0
the internet - a lot of talk and not much interesting to say.
- kezza_20
Agreed, even Tim Berners Lee said:
Berners-Lee's proposed answer to this "problem" seems to be some kind of centralised accreditation scheme for websites, and readers incapable of independent critical thought. "I'm not a fan of giving a website a simple number like an IQ rating because like people they can vary in all kinds of different ways," he said. "So I'd be interested in different organisations labelling websites in different ways."
- 5timuli0
Just hold on for tomorrow.
- 5timuli0
Then you can take a drive to Primrose Hill.
- 5timuli0
It's windy there but the view's so nice.
- kezza_20
I suppose what I'm thinking is; is the cult of everyone who has an opinion being listened to doing us any favours, or should be hark back to the experts know best
- cannonball0
my point being that i check the internet every once in a while with the hopes of seeing something interesting or compelling, or even learning something if value to me, and only get it maybe 5% of the time.
- cannonball0
lesson learned. Everyone out there is a babbling douchebag moron. time to go build a stone house in the woods and get off the grid.
- Greedo0
But the internet is really just like an old extended family, except it's a much larger family with way more aunts and uncles with extreme views, and being exposed to all of them, you should get a sense of the middle ground and be able to form your own opinions.
- jamble0
The interweb spawns "experts" on every subject known to man and with the proliferation of social news sites like Digg, everyone has an opinion and it's so easy to broadcast it whether it's accurate or not.
The current state of the economy is no doubt bad but I'd be inclined to agree that now we live in an age where news is on 24/7 it's made much much worse because news channels have to fill the airtime with something no matter how relevant or helpful it actually is.
- 65Neue0
But it has also brought it to everyone attention so we can all aim to do something about it. Is the internet fanning the flames or feeding us the solution also.
Discuss/
- SuperSport0
I thought Parklife was a superior record.....
- kezza_20
I'm fasinated by peoples responses....
I remember the last downturn in the 90's and no one discussed it in the way we do now. I guess I wonder whether the democratization of information has done us any good what so ever.
Whilst I understand the internet has lots of very practical GOOD uses, surely the furor we've whipped ourselves into has been a result of this very said access?
- Khurram0
Wishful thinking.
1) The early 90s recession was paltry compared to the insanity of what's goin on now
2) The whole "media panick" argument is bogus.. There are real systemic deficiencies and we have no idea of the scope of them yet .If anything, the media FAILED to warn us in time, and warned us about the situation far too late.
3) The failure is at the TOP of the capitalist tree, it is not consumers who are bringing the system down with their "rash" choices. The back-room boys who see the numbers, who understand market liquidity, are the ones who KNOW shit has gone waaaay out of control
4) People don't pay as much attention to the news/media as you'd like to think
- moth0
Off to the pub sounds good.
- Greedo0
PS: high volatility is a great time to pick up stocks on the cheap, especially if you got 15 years to ride them out.
i learned that from the internets.
I suppose that's pretty much the only thing you can do when banks go toppling.