In the 1980s, during uncertain economic times, similar to what we are witnessing today, many people hunkered down with movies that they put in their newly bought VCRs (Some like me were using Betamax technology) and cocooned. If you didn't a job, or are not economically wealthy, there is little incentive to go out and spend money that you don’t have.
Yes, there are credit cards, freely given by banks, often at obscene rates of interest, to increase the already high profit margins of the financial institutions, who as a group don’t add any profit to society. Anyways, using credit cards without any means to pay the charges often leads to other financial problems. I for one no longer have or use any credit cards, nor do I ever intend to get one.
Back to the main point. Now, 30 years later, in the age of social media, we are once again faced with high unemployment and low wages; now, a worldwide problem, notably in the industrialized west. Tens of millions of individuals—many highly educated and intelligent, many under the age of thirty, face the bleak prospects of ever finding a job, let alone a meaningful one with acceptable pay.
As for older highly intelligent and educated persons such as myself (I’m 55), the prospects are even dimmer. The New Economy and the Disposable Economy has deemed me as too old and unworthy of being considered for any employment. At least that's what the HR consultants and economists have told corporations. Such is their combined “wisdom.” Ageism is thriving in The New Economy.
So, what are many of these unemployed individuals doing; cocooning in front of their desktops, laptops, IPads, mobile phones and getting on social-media sites voicing their opinions, arguing, debating and discussing the important issues of the day. It’s cocooning with other like-minded individuals around the globe with the aim of making a difference—not only a political difference, which is badly needed, but also a social, and economic changes.
This is good; to disseminate a message of hope and optimism in the face of economic excesses and inequalities. It’s not about sitting back in front of the TV being entertained, but about getting involved in our society in a very real and caring way, So, yes, this generation is highly involved and energized. I look forward to great things occurring in the next few years, as the ideas generated on social-media sites will catch the imagination of millions, tens of millions, if not hundreds of millions of highly informed individuals world-wide.
It’s actually exiting times that we now living in; and the inter-connectedness brought about by the Net is making all his happen.