As I mention in the previous posts, the future is uncertain, and planning for uncertainty, as difficult as that appears, is necessary for getting through the oncoming crisis. Indeed, the financial system's decline has been something of a spectator sport for many of us in the past few weeks (or months, if you've been paying attention). Any of us with money in the stock market feel the pain acutely, but if our economist kings manage to turn this all around, then worry not--we may be back up to 14,000 in a year's time, but maybe not. Those of us without much invested in the market have just been watching the carnage from afar--but not for long I think. The link between companies and the financial markets is direct, and when credit does not flow, and investments have been eviscerated, many companies will not weather the storm in the months to come. Many will go out of business and there will be mass layoffs; unemployment will rise quickly, and it is questionable whether the government will be able to handle a sudden increase in entitlements. In my city, there has been a hiring freeze in effect for about a year now, and with state budgets drying up, there is no end in sight. Unfortunately, the scarcity in government jobs (i.e. jobs that pay fairly well and tend to have good benefit packages) means that there are many of us who must do the best we can in the service sector (poor pay and no benefits). As companies trim down on operations in response to a sudden drop in demand (let's face it, folks are scared and cutting back even now), the masses of unemployed will rise along with all of the social ills that come along with unemployment: crime, mental illness, poverty, etc...
If this is the case, and we have a deterioration in social conditions in the coming years, it is more important than ever to bolster your existing social networks--we will all need to depend on one another as circumstances change. From the go-go 1990s until recently, hyper-individualism has been possible and perhaps, given the circumstances, even desirable; however, it is no longer a good idea to put so much of our time and attention on pleasing ourselves. This practice of self-indulgence has been part of the problem--many of us have over-extended ourselves on credit over the past decade or so (it was so easy to get credit cards), largely in the service of short-term self-gratification (flat screen TVs, big cars, lots of home decor, electronic devices of all sorts). It is time to start placing our shrinking resource into building the kinds of social ties and community institutions that will bolster our chances of making it through the global depression. This means re-prioritizing where we sink our money, time and energies.
I suggest a good place to start is (for those of us not already involved) joining a church. I am not a religious person: if you had asked me a year ago if I would ever consider becoming a member of an organized religion, I would have certainly said, "hell no." But times change. Churches foster strong communities through volunteer work and sustain an awareness of the needs of their neighbors. These venerable institutions can be a positive influence in the community and will help you directly if you find yourself in a difficult situation. Find a church that tends to be more inclusive and tolerant. If you have no preference, ask a church-going friend about theirs and invite yourself to the next gathering. Once you are part of a congregation, get to know folks and volunteer for church-sponsored outings or charities (soup kitchen, food bank, toys for tots). The point here is to multiply your social connections and, who knows, broaden your spiritual horizons. Churches foster dense social networks and often friendships that are connected to a larger institution and mission tend to be more durable than the connections forged at work or in chat rooms.
It is easy to find a church...just look in the yellow pages or ask around. Have an idea of what kind of church-going experience you want to have: for the fans of doctrine, saints and incense there is the Catholic Church; for those who prefer rousing sermons and lively music, look into a Baptist congregation; for lovers of diversity, try a Universalist or liberal Methodist church. Again, initially anyway, this is a means to multiply and deepen you social connections--it will allow you to depend on others in times of trouble and place you in the position to help others as they require help. If you join a congregation that preaches intolerance and hatred toward outsiders, you will be contributing to the many challenges that will beset our communities and families in the months and years to come. We will come through the global depression with stronger communities and intact institutions from which we will all benefit; perhaps we will also gather deeper, more meaningful social relationships in the process--enriching our lives more than the consumer goodies that we bought to fill the social vacuum that characterized, for many of us, the last last few decades.
Remember, civilizations fall when societies dissolve into factions--and when civilizations fall, people suffer all the abuses of power that tend to arise in the absence of civility. This does not mean that you you should not prepare yourself (see the previous post on stocking up on dry goods etc...); but withdrawing into your bunker and adopting a "survivalist" mentality is not helpful to anyone, not even yourself (who wants to live like a paranoid hermit?). With a strong social network, a sense of empathy and a desire to alleviate the suffering of those around us--these things will see us all through this mess together--and perhaps we'll be better of for it.
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