Today is the day that Christians celebrate the birth of Jesus Christ, their Saviour.
For the non-Christians in the Western world and, sadly, all too many that profess the Christian faith, the season is also an orgy of debt-fueled spending, gluttony, and drunkenness. It would be a pleasure to think that the current economic circumstances would lead us closer to the true spirit of Christmas but I am not optimistic.
In 1928, the iconic American comedian, Will Rogers, proving that there is nothing new under the sun, described the then (and now) consumer frenzy:
"Too many people spend money they haven't earned, to buy things they don't want, to impress people they don't like."
For those of you who understand the real reason for celebration, have a very Merry Christmas.
To the rest: Bah Humbug!
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About the Author
- Hugh Elliot
- Mr. Elliot is a founding partner of Collingwood Partners, LLC. He has been an independent management, mergers and acquisitions, finance, and business consultant since 1979. His clients have included government contractors, manufacturing, service, research and development, financial, professional, and banks. He specializes in assisting small and rapidly growing companies with strategic planning, financial management and the management of growth both organically and by acquisition. Mr. Elliot was born and educated in the United Kingdom. He immigrated to the United States in 1968 becoming a naturalized citizen in 1991. He graduated from the University of Cambridge (England) with a BA (Hons) in Agricultural Science and an MA in Agricultural Economics. In addition to his other responsibilities, Mr. Elliot serves as an International Judge for the sport of sailboat racing.
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