Global tinderbox
Dec 28th 2009
From Economist.com
2010 could be a year that sparks unrest
IF THE world appears to have escaped relatively unscathed by social unrest in 2009, despite suffering the worst recession since the 1930s, it might just prove the lull before the storm. Despite a tentative global recovery, for many people around the world economic and social conditions will continue to deteriorate in 2010. An estimated 60m people worldwide will lose their jobs. Poverty rates will continue to rise, with 200m people at risk of joining the ranks of those living on less than $2 a day. But poverty alone does not spark unrest—exaggerated income inequalities, poor governance, lack of social provision and ethnic tensions are all elements of the brew that foments unrest.
http://www.economist.com/daily/chartgallery/displayStory.cfm?story_id=15098974&source=most_commented
2008 Was The Most Serious Financial Crisis since the 1929 Wall Street Crash. When viewed in a global context, taking into account the instability generated by speculative trade, the implications of this crisis are far-reaching. The financial meltdown will inevitably backlash on consumer markets, the global housing market, and more broadly on the process of investment in the production of goods and services.
Subscribe to:
Comments (Atom)
NY Times: Business Owners Hiring Mercenaries as Police Budgets Cut
In Oakland, Private Force May Be Hired for Security In a basement office that serves as a police headquarters and community center, Oakland ...
-
The poor are fleeing our cities, but life is not always greener in the suburbs, even when affordable housing comes with a two-car garage. Th...
-
THE days when subprime mortgages were what kept bankers awake at night are long gone—though thanks only to the barrage of explosions in oth...
-
For automakers, there will be little short-term gain from culling dealers, but the time to do it is now. DETROIT'S DOWNFALL * Auto d...