Thursday, October 9, 2008

Battle of the Story: Is it a Bailout? Or a Rescue? Or something else?

Props to my homies over at SmartMeme and PCN for their brainstorm on what all this mess means for those of us who believe in progressvive social change.

Peep their analysis at Changing the Story, SmartMeme's blog.

The recent revelations of economic trouble have produced a barrage of memes in the media and popular culture: meltdown, bailout, rescue package, and Wall Street vs. Main Street. Now, leaders tell us that we are in the midst a new economic reality – a credit crunch, foreclosure crisis, a recession, or another Great Depression.

Even as lawmakers struggle to reframe the $700 billion package as a “Rescue,” the “Bailout” meme remains more potent. The story of free market fundamentalism is unraveling, and the story has changed – but to what?

What does all of this mean for progressive strategy, and what are the stories we can tell about the real impacts and alternatives?

Continue reading.

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