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M$1 March 09, 2009 09:29 PM

How can we leverage the power of internet community networks to limit the personal damage from the economic downturn?

People matter. How can social internet communities help out? What about a kiva type organization to help people here in the US? What other ways can you think of to limit social unrest?
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March 09, 2009 09:46 PM
How about... Convince people to spend money. I think this is the best way to turn this around. Convince people to invest in themselves as well as cycle the money locally. I think this is the best way.

You can twitter how you're feeling good about the economy turning around and that you want to help in your small way. You can write a note in Facebook about how you think that NOT spending will only make things worse.

It's amazing to me how much economics is driven by emotions. If you keep your emotions positive, then positive things happen.
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March 09, 2009 09:51 PM
100% right! I've been saying since early last fall that a lot of the downturn, which hadn't happened yet at that point, was people becoming afraid to make any financial moves because of what might happen. Banks, too. Collectively, with millions thinking this, it happened. It's like the old saying, "You brought the line with you."

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March 09, 2009 10:13 PM
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March 09, 2009 10:00 PM
I think the best use of social networking is to share how we're all coping with trying economic times. For instance, we turned mandatory state furloughs here into "Furlough Friday" potlucks, minimizing the cost of getting together and still having fun. Now that will be changed to "Floating Free day" (how untethered does THAT sound??)
We can also use blogs and social networks to teach each other how to garden or cook or any other useful skill. We can also share events, resources, transportation - almost anything. Recently I was able to connect a man who had been recently widowed and a former-realtor housekeeper to their mutual benefit. He was finding housekeeping a huge chore, she isn't wild about spending spare cash for advertising.
Although I'm not into sharing happy talk just for the sake of dispelling the notion the economy is getting better (I had enough of that dreck as we were sliding down into this hole!), I do look at this as an opportunity for people to get past being passive consumers and do things for themselves. There's really nothing like that feeling of "I don't need to rely on someone else to make or modify this - I can do it if I need to!"
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