It occurred to me that the recent recession, or any recession for that matter, is much like a wildfire in the forest.
It is a horrific event, and whether it is caused by human neglect, malice, or natural causes such as lightening, the end result is pretty much the same: acres over acres of burnt grounds.
But, on the upside, it is an event that clears what is sometimes cluttered growth, leaving behind only the most resilient (and lucky) plants, allowing, over time, for new seedlings and sprouts to take hold.
Furthermore, there is the concept of ‘plant adaptation’. Quoting from Wikipedia: “Plants in wildfire-prone ecosystems often survive through adaptations to their local fire regime. Such adaptations include physical protection against heat, increased growth after a fire event, and flammable materials that encourage fire and may eliminate competition.”
Drawing from this to the economy, a meltdown, whether caused by ignorance of policy-makers, greed of bankers, or elements no-one was able to forecast, is no doubt devastating, especially for small businesses. Yet, much like in nature, it is an event that is bound to repeat every number of years. On a global scale the economy is an ecosystem that needs pruning, mild if possible, violent if unattended for too long. All we can do in the aftermath of a recession, is learn from nature about adaptation and do better next time around.
Learned from: reading about wildfires