The sense that there is no way out is destroying our confidence in dealing with risk
Six years into the economic crisis we can still get days as with last weeks market correction where the froth blows off the recovery and reveals only something flat and stale beneath. The fundamental economic problems have not been solved: theyve just been palliated.
In todays economy we never quite seem to turn the corner towards rising growth, falling poverty, stabilised public finances. Not so much winter without Christmas, but winter without ever getting to the shortest day. And that is doing something to our psychology. It is destroying our confidence in agency the human ability to avoid danger, mitigate risk, regain control over fluid situations.
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