Regarding yesterday's (12/18/08) post on increased global social unrest:
Wall Street Journal:
Oil's Crash Stirs Unrest in Russia as Slump Hits Home
Russia's oil-fired economic miracle is unraveling as industry shrinks and job losses mount. Now the first stirrings of social unrest have the Kremlin groping for a response.
Reuters
China jobless "much more grave" than official figure
Rising unemployment has fed Beijing's fears of unrest as forecasts for China's growth next year fall below 8 percent, seen as a minimum to maintain social stability.
AFP
Greek activists call for Europe-wide protests on Thursday
Several thousand activists from the Communist PAME trade union marched in Athens in the evening behind a banner reading: "The plutocracy must pay for the crisis!" The civil service trade union ADEDY is also organising a demonstration and a three-hour work stoppage Thursday, three days before lawmakers vote on the budget. Yet another union has called on supporters to gather before the parliament on Friday.
With unemployment skyrocketing in the US, and forecasts point to a very gloomy outlook for 2009, it won't take long before people take to the streets in Detroit, Chicago, New York, Philadelphia...
1 comment:
Concerning social unrest, I don't want to be insensitive to people's suffering, especially when it is caused by unemployment. But I have to point out that people, particularly in the U.S., would be much calmer if they had been living beneath their means in the past decade instead of living beyond their means. My blog helps folks live within their means :).
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