If we get back to history from the great depression in 1929, the world wars, 70's, 80's and then the 90's dot com period - industry empowerment was a big factor. In such periods reinvigorating consumer spending and unemployment down the masses played a way to changing the socio-economic climate.
When the initial $700 B bail-out was rolled out, the goal was to boost consumer spending and lighten up the credit crunch depicting as resulted by the financial crisis.
The fact is the problem was very severe that even the great economists of times in the private and public sector have never seen anything like this problem.
Yet, if we go back into poverty stricken third world and developing countries then to the present emerging markets of today, respective governments and communities focus on the bottom line. The bottom line consists of struggling low income classes, home based enterprises and start-ups.
Considering we are seeing the mass lay-offs and rising unemployment scenarios, people are drastically getting creative and resourceful for individual survival. Instead of looking at the big picture towards industries creating the mass employment, just maybe there should be an exploration on the extreme opposite.
It is true that the prominent corporate business leaders can be a good resource but we have to consider a bit of their careers history. This simply means that if we have someone who has struggled as the simple working class that eventually rose to glory would be a good start. This is why I commend companies like Google.com who are pro-small businesses as they came from a small business enterprise. But if they are power looking business class Armani suit graduates who have never even experience working less than a sprawling executive then tell me how the heck can you even know how the common laymen is going through.
Economics 101 simply comes from the masses and the typical working class consumer. Instead of focusing the bail-out's into the magnificent industries like when we have been educated during the industrial age, maybe micro cottage small and start-ups maybe a good area to explore. Not only are these enterprises run by dedicated entrepreneurs, their families, friends and communities are somewhat part of their undertaking. And let us not forget that these enterprises have their typical independent small business association's and organizations who rally among-st their side.
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