A poetic look at tragedy, or the global economic landscape in brief

What happens when one watches a television programme on the political economy, and then on Aristotle, one after the other?

Hamartia, defined as the “Greek word for error or failure, used by Aristotle in his Poetics (4th century BCE) to designate the false step that leads the protagonist in a tragedy to his or her downfall.”

But how does one (tragic one) avoid the downfall? Making sure ones protagonism is obscured.

The banking system has caused a nose dive in to recession over the last 18 months, as it did in the 80s, as it did in the 30s, and like it will again. Why has the system it relies on stayed afloat, in spite of crippling consequences? No downfall, in spite of tragedy?

Because the protagonist is an illusion, an obfuscation behind a wall, in a street in every big city, where numbers are displayed, and people with phones react. An illusory system kept afloat, albeit tragically, without downfall.

How tragic it is, that circulation of credit in the financial system relies on consumer confidence, and that that is somehow a more desriable system than tourism in a global economy that will see less and less focus on industrial product. Safeguard both tourism and consumer confidence, and then ones country can prolong recession for longer, but when we’re hit, we’re really hit, no one can see it coming (not even the Queen), no one can stop it, and yet no one wishes to do so anyway.

Does tragedy continue to occur? No, it occurs first as tragedy, then as farce.


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