The London Paper – 14 Nov 2008
‘There is nothing, either good or bad, but thinking makes it so.” Hamlet’s words may have been intended as a comment on the nature of morality, but I believe they have relevance today with regard to the recession into which we’re busily talking ourselves.
I’ve simply had enough of the gloom and doom being spouted by every so-called expert in town, and hereby commit myself to a one-man mission to pull this country out of its supposedly inevitable depression.
Confidence is everything in pretty much all walks of life and our economic well-being is no different.
Although the trends are not looking too clever at the moment, we are just going to make everything much worse by assuming that we’re all hurtling towards financial meltdown .
But it doesn’t have to be like this – if we would only cultivate a little PMA, “positive mental attitude”.
If we assume Blighty’s stuffed, it will be. If we assume we’re all going to be poorer , we won’t buy anything, which means that shops will go bust, which means that the factories that supply those shops will go bust, and the advertisers who promote those shops’ products will lose their clients – what we have here is a vicious circle brought about by negative thinking.
Gordon Brown and Alistair Darling want to solve the problem by splashing out our tax sterling on infrastructure projects to create jobs. Those workers will in turn pay taxes – helping to restore the health of the public finances – and buy stuff, keeping other people in work.
But my point is … we don’t have to leave it to the Government. Let’s face it, if you haven’t lost your job and you aren’t being forced to sell your home for 25 per cent less than you bought it for a year ago, these are happy days.
The Bank of England has just cut interest rates by 1.5 per cent – the biggest cut for 27 years – and most financial institutions have been shamed into passing the benefit on to us.
The snootiest restaurants in town are feeling so desperate, given that bonuses are shrinking faster than Posh Spice’s midriff, that they are offering set-lunch deals for what they once charged for one of their starters.
So the answer to our woes is to party like it’s 1999 and, even if we’re not as rich as we once were, to pretend that we are. Others will follow our lead and we’ll drag this country out of the mire. So come on, get partying – you have a moral duty to do so.