Recession, global downturn, credit crunch, whatever label you want to attach to it the end result is the same. Economic slowdown, investment cutbacks and rising unemployment. Bad news..or is it?
How many businesses large and small have been "re-arranging the deck chairs on the titanic" for years, doomed to failure but none the less determined to keep sailing on. Then along comes the recession and its game over. The point is that people still need the services and products that they did before the recession.
However, the recession could be the end of an old era and a new beginning. A better partnership between government and people rather than government and big business. What do I mean by this? If a major employer is failing and it looks like mass lay-offs are on the way politicians suddenly find huge amounts of money to keep it going and keep it going and well, you get the picture.
Why not instead use that money to create start up enterprise. Sweep away a lot of the regulation, taxes and so on and create low cost or even no cost local retail/industrial start up units.
After all, if a large subsidy supports a large failing company to keep going till the next election and it fails, nothing except time has been gained. On the other hand give this money to say twenty small start ups and ten make it and out of those ten five become real winners, not only have you helped some with the "get up and go" to realise their dream and help secure their own future, but the potential has been created for better healthier future growth with the jobs that go with it.
Does that sound to radical or even socialist, or is it time for a new more radical approach to economic stimulus? Stop bailing out the big guys with a boat full of holes and start helping the start ups.