Austerity, The Forgotten Word…

Give me austerity or give me default! Hmmm, let me think about that one...

A recent Economist article indicated (graphically) the world’s financial situation as a “black hole”, or was it a flushing toilet?  Can’t seem to remember, however both are the same when comes to the current world economy as the story goes on to say one should be “afraid” until action is taken by our political leaders.  However if this isn’t a catch 22, I don’t know what is as the worlds people simply want more while paying less and if their elected officials don’t deliver then to the street they go to make room for the next “sucker”, oops did I actually write that.

As we are in a “no win loop” folks as we are living in what I call the “Wimpy Era” as everyone wants their hamburger today, and fully happy to pay for it on Tuesday.  However, when “Tuesday” does come around there they stand pockets empty asking for yet another burger.  This “Wimpy Side Economics” quickly starts to break down as not only are we seeing this in the United States; however our friends across the pond in the European Union are also suffering too.

As in countries such as Greece, where their national deficit has imploded, the people are taking to the streets in protest demanding yet more from a system which has given yet to much.  Least we think ourselves different in the States; we are not as the Goldman bailout alone dwarfs the entire debacle in Greece, and as our elected officials attempt change people take to the streets claiming unfair treatment and demanding their re-call as their free ride on the health care has come to its final stop.

So why should any politician do anything about the issues, as they walk a tightrope which is unraveling at both ends as they are damned if they do, and damned if they don’t.  Which brings me to my point, as why do we as people expect our politicians to be the sole owners of the solution?  As we are the ones with our drunken expectation, and adopted need to suckle from a social tit which has gotten us here.  So where is our ownership in taking action as if we wait for others, the wait will be infinite.

As this is where austerity comes in as walking through London’s Heathrow Airport, noticed a small shop selling replica “war memorabilia” and one was a card saying “Mend and not Replace”.  Which struck me as we live in such a consuming world, as it seems to be nothing more than simply one large landfill.  As Madison Ave has in the post war era conditioned us that buying is good for us, the economy and therefore the country.

However that was in the days of closed markets, when a dollar spent meant a dollar in circulating within a given country’s economy.  However today this is not the case, as the majority of every dollar spent leaves their respective shores never to return.

So instead of looking to others to solve our problems, charity needs to start at home and “we the people” need to take the ownership for our own actions as well as their results and outcome’s and quit depending upon some white night in our daydreams to save the world, as that’s just not going to happen as someone has already hit the flusher…

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About Joseph Campbell

As a strong believer in the fact that "people work for people", it has been a life driver to better to understand the complexities of the various aspects which drive efficiency within this axiom, especially the concepts of leadership. Supporting this, I have been fortunate enough to having experienced this as leader on a global basis over the last decade and half. During this time it has been clear there are three core drivers being Life, Leadership and Economics.
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