What are some advantages of recessions?
On the grander scale, Recessions are a “stress test” of economies. They weed out inefficient companies and allow precious resources to be allocated to smarter more efficient companies, thereby making those economies stronger. It’s almost like natural selection if allowed to happen NATURALLY, Laissez-faire, (French, a non-interventionist policy (lit. “allow to do”) On a smaller/individual scale, it will force us to appreciate the little things in life (like taking a walk in the park with a friend instead of going to the movies and staring at a screen), realize that consumerism is not the “be all & end all” to life (like making a gift for a loved one instead of giving them a gift certificate), appreciate and look out for those who have less then we have (like volunteering at a food shelter instead of staying home and looking forward to the next unemployment check), and hopefully reconnect with family (like cooking a meal together and having friends over instead of going out to eat.
