EFFECT OF THE ECONOMIC CRISIS

the podcast I have listened to

A young man make a interview to a small town to find out the reason for people who sell their house there. When he stand on the street of the towm he can see there are a lot of for sale sign in front of these houses . Why ? He made a interview to a old couple . It shows that many people when retired go to this town to buy a house for their rest of lives, because of the beautiful lanscape there. Since the Economic Crisis begain in 2008, most of retired people can not afford their new houses ,so they had to sell them and go back to their own city. The rest of the show is about the analysis about the global economy effects to people`s everyday lives, but most of their words and talk are so professional that I can`t understand.

The big changes during the year 2008 and 2009 has change the world a lot . People`s lives was changed , but I never thought it can do so bad a effect on people` lives to make them sell their house! Most common people suffered some problems from the economy drop but the it is just reduce their money spend on entertainment or something just like that.

Based on my point of view, this difference may be made by the fundament of the economy system of each country. Recently China had her industry develop rapidly and most of the factories are still having their products sold in China or other countries. But when it came to 21st centry ,in many developed countries people want to make more money but do not want these industries to pollute their environment , do not want to employ so many people and something like that . At last they made a choice that put their factories abroad and develop a series of financial way to make their wealth expand. But this kind of development has a problem. If the economy system have something wrong , big dister may be on the horizon.