Another phrase I now can’t get out of my head is “managed decline.” It’s been batted around in the context of Europe; George Soros splashily said it about the U.S. dollar a few years ago; and Ken Layne, the Wonkette Cassandra, used it when we spoke. It also strikes me as a fairly good way of describing the process of getting older. That’s what we’re doing when we decide that we can be okay with having more unpredictable careers and more modest lifestyles, if that’s what’s in store: Even as we hold out hope that something will reverse the trajectory, we are managing our decline, we are making do.
Monday, October 24, 2011
The Era of Managed Decline
Noreen Malone has a cover story in a recent edition of New York magazine about coming of age in post-hope America. It's an interesting look at what it's like to be young in today's economy, but I couldn't help thinking a lot of the concepts also applied to Flint in an era of shrinking cities. Malone writes: