Manage yours.
The string of financial crisis that have been suffered by the global economy from the Argentine meltdown, the Asian Financial Crisis, to the present disarray in the Eurozone, and its translation to the common man has made the ordinary person allergic to talks of economics. At the same time, never before has the common man felt the realness of economy as talked in the TV and by big wig personalities. When ordinary citizens are losing their jobs, getting evicted from their homes and running out of credit options, and all that in the backdrop of a televised worldwide scramble on global economy, even average joe will start getting raised hairs in the spine.
So this is what they mean about economy.
The macro economy of a state/nation has been so detached from the ordinary person for so long. Years of confusing economic forecast without real consequence to the lives of ordinary citizens, the economy as the fiscal health of a country is nothing but a thought construct to average Joe. This kind of disconnect results into incongruence between the ordinary citizen’s lifestyle to the economic realities of a nation. And that incongruence will can ultimately be fatal to the segment of the economy most affected by popular incongruous lifestyle.
Such is what happened to the housing market in the US. Although this view may be consciously naïve and simplistic, but no one can’t deny that the lack of synchronicity between the everyday life of citizens and the policies of the state that is supposed to be looking up for their welfare is at least partly a suspect to what did unfold. When the opportunistic character of capitalism is let loose without the rightful scrutiny of the government that is supposed to be for the people, that happens.
It’s about time we realize that we our lifestyle is the only our own. It is also an impulse into the overall fiscal health of our collective self – our nation. Our world. It is also about time that governments will realize that it is their duty to manage the economy at large so that the micro economies of the ordinary citizens won’t have to bear the brunt of when the order of things collapse right over their roofs.
You can read more about microeconomics in Business Week and Forbes.
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