The Era of Recession

We have become so indebted that the only thing we can still do about recession is to spend less, but the less money is spent, the less money is earned, which causes further recession. As people are focussing on spending less rather than earning more, this begins a new era in which recession, rather than growth, becomes the new standard, which becomes focused on cost-effectiveness rather than effectiveness. The recession is itself caused by an increased efficiency of our economy, and will continue to involve such an increase in efficiency as our culture shifts from the “more is better” of modernism to the “less is more” of minimalism.