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News Link • Economy - Economics USA

Failure: Don't Despair, It's The New Normal

As the U.S. economy fails on a systemic level, it is pushing individuals into a deep sense of failure. Feelings that one has failed one's family and oneself can feed a despair profound enough to trigger thoughts of suicide, and for many vulnerable people, thoughts lead to action. In a terrible irony, those who do take their own lives are often those with the highest sense of responsibility and highest personal standards; their sense of failure is crushing in ways that less responsible, more laissez-faire people cannot imagine. The systemic failure of the U.S. economy is pushing many to the brink of despair, as they interpret their own financial failures as personal rather than as the result of a system-wide decline stretching back decades. The need to explain this systemic failure is part of what drives me to write this blog day after day, month after month, year after year--to help people understand the roots of our national and global failings. Despite these multiple systemic failures, I am an optimist, and I wrote Survival+ to not only illuminate the roots of our institutional failures but to lay out guidelines for bypassing those institutions as they devolve and collapse. I have addressed this many times, for example: The Next Golden Age, Part I (July 28, 2010) The Next Golden Age, Part II (July 28, 2010) The Central State (Federal government) and the Federal Reserve are both failing institutions. Their policies, assumptions and mindsets have only one end-state: devolution and collapse. After the old institutions have imploded, some new sustainable, honorable version may arise; this is possible but not guaranteed. Nobody knows the future, and life is contingent. Institutions are like organisms: they have a life-cycle and exist in a wider ecology. Our current institutions are in the Failing Stage of their lifecycle

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