Sun, 21 Dec 2008
I think that's the only way to describe the emotion as I listen to and read the steady flow of stories on our less than gentle descent into recession. And also no small measure of bafflement.
As someone who is reasonably cautious about debt I've always been amazed at the cavalier approach many people have to it. In the individual this merely invokes bafflement. It's when it occurs at an organisational level that it begins to make me angry. To be careless with one's own finances is foolish, and if enough people are it's bad for everyone; to be, essentially, careless with other people's finances is far less forgivable.
And it's this carelessness that results in me shouting at the radio on the way to work. All these people who were so desperate to make more money that they ceased to think about the consequences for others. At least I hope that's the case. Yet now we all have to care about the consequences of this unchecked avarice for the very organisations and people who led us here thanks to the way a modern free market economy works. It's astoundingly galling.
posted at: 18:54 #