Recession, recession... is all that bad?

Recession, recession... is all that bad?

Let’s see. Which are the pros of a recession?

- It gradually removes the unprofitable businesses, the ones that simply cannot survive because they are not businesses first place.

- It makes more relevant industry-wide issues, hidden in better times.

- It reacommodates relative prices in a faster way.

- It focuses industries on efficiency and productivity.

- It makes consumer to cut spending, review their habits and focus more on saving.

- It makes people to appreciate more their jobs, the benefits given by their employees, etc

- It makes more acceptable for society to focus on the bottom of it, strengthening their safety net.