forth magazine


forth elsewhere: Wallowing in recession

Sat 21 Nov, 2009

Are some people enjoying the fact that Ireland is in recession a little too much?

Don’t let an economic recession turn into psychological depression, says forth editor Jason Walsh, writing in the acclaimed Northern Irish political blog, Slugger O’Toole.

imageIt is perfectly true that Ireland’s boom was not quite the miracle it was once thought to be. If one was so inclined one might say that it was in fact a historical aberration, though that view does a disservice to the changes the economy has witnessed in the past twenty years: the Republic of Ireland went from 65 per cent of the UK’s per capita GNP to 140 per cent in just 20 years. What is indisputable is that the country’s improved economic performance transformed the lives of Irish people, even if the spoils were unevenly divided. Quite why many liberals spent their time criticising this is a question worth asking.

Read the entire article in Slugger O’Toole

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