Submitted by Charles Hugh-Smith of OfTwoMinds blog,
Social recession is my term for the social and cultural consequences of a permanently recessionary economy such as that of Japan--and now, Europe and the U.S.
There is a kind of famine of warm interpersonal relations, of easy-to-reach neighbors, of encircling, inclusive memberships, and of solidary family life... . For people lacking in social support of this kind, unemployment has more serious effects, illnesses are more deadly, disappointment with one's children is harder to bear, bouts of depression last longer, and frustration and failed expectations of all kinds are more traumatic.
The Hidden Cost of the "New Economy": New-Type Depression
The Future of America Is Japan: Stagnation
The Future of America Is Japan: Runaway Deficits, Runaway Debts
The Recession That Never Ended: 2008 -2013 (and Counting) (August 26, 2013)