Recession as renewal
The curmudgeonly blog, Jeremiah's Vanishing New York, says the recession is actually renewing New York — purging it of the selfish Young Urban Narcissists that have settled there and reminding us that New York has always been about more than making big money:
Many of us are feeling optimistic about this city for the first time in a decade. New York's identity has always been about much more than just real estate and money. The path of the New Yorker "has not been the path for the faint-hearted, for those that prefer leisure over work, or seek only the pleasures of riches and fame. Rather, it has been the risk-takers, the doers, the makers of things."
That quote is from President Obama's inaugural address. In his rousing speech, there is great hope that the narcissistic, sociopathic tenor of our entire country, the dark cloud we've been living under for the past 8 years, is poised to change. And so it is changing in New York, too, where the "risk-takers, doers, and makers of things" have too long been stifled and squeezed out by a swaggering crowd of safety-seeking do-nothings.
Like Bush on his way out of office last week with his posture deflated, their swagger has diminished already. And our city will be far better for it. We don't need to tumble into violence and degradation. We can be safe, we can prosper, we can enjoy beautiful things–without living in a sociopathic New York.
This is eloquent. Recession as redemption and renewal? I can see it.
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Interesting. While a good recession every once in awhile might have a cleansing effect. I wonder how full-blown depression has effected the city historically.