Firstly apologies if you have had problems finding this blog over the last few days. My digital mentor and blog host, George had a server crash and Kendoinfo dissapeared into the ether. We are now back and retagged.
In my day job as a headhunter, I am seeing signs of the credit crunch biting into some of the geography and the business sectors that I cover. I am also involved in reviewing next financial year’s budget for The British Kendo Association and someone sensibly asked should we allow for negative growth because of the economy. Frankly I do not have a clue!
In hard financial times, do people cut back on their kendo practice or postpone taking up a new interest because there is less cash available, or do we become time rich and have more leisure to spend on our hobbies? From personal experience, I abandoned my private guitar lessons in a previous recession, but we were talking £25.00 per lesson and even if I had Eric Clapton as my tutor, It was unlikely that I would have progressed much beyond bad.
In kendo however, club fees are low and there are concessionary association fees, but of course the price of equipment makes a big difference. I also have a suspicion that most kendoka are sufficiently passionate to want to keep going regardless of their circumstances. I was talking to the CFO of a leading opera company, who was confident that the people who are interested in opera would make other sacrifices rather than miss their favourite performances. I have the same feeling about kendo.
The only conclusion I drew from my brief study of economics is that there is aways an equally strong contra argument for every thesis. So can anyone help?