Save time by listening to our audio articles as you multitaskGalloping inflation afflicts Turkey again today. Officially it is 73%, but everyone suspects it is higher. Mr Pamuk, a Nobel laureate for literature, says he has “never seen such a dramatic rise in prices”. He makes no predictions about what the political consequences might be. To criticise Turkey’s modern sultan, Recep Tayyip Erdogan, would be risky.
The strongest predictor of future instability is past instability, finds a forthcoming paper by Sandile Hlatshwayo and Chris Redl of the. Historically, the probability that a country will experience severe social unrest in a given month is only 1%, but this quadruples if it has suffered it within the previous six months and doubles if a neighbouring country has experienced it, they calculate. Protesters are more likely to surge onto the streets if they think others will join them.
In country after country, the global economic storm has exacerbated underlying troubles. Take Pakistan, where squeezed living standards help explain why in April parliament ousted the prime minister, Imran Khan, with a nod from the army. He has since led mass rallies to get his job back. In India riots erupted over a plan to reduce the number of jobs for life in the army.
One country with nearly all the harbingers of havoc is Tunisia. It has a history of unrest. Almost 12 years ago a Tunisian fruit-seller, Muhammad Bouazizi, set fire to himself after police kept shaking him down. His death set off the Arab spring, a wave of protests that swept the Middle East and toppled four presidents. Tunisia’s democratic revolution initially went well. But last year the president, Kais Saied, assumed autocratic powers.
So far, it has not. But a general strike on June 16th stopped buses and trains. The government is trying to make a deal with the, but a big union objects to its conditions, which include cutting the public-sector wage bill. President Saied is trying to buttress his own power: on July 25th Tunisians will vote on a new constitution, the text of which he has not yet shown them.
Though Mr Putin is responsible for a big chunk of global inflation, people tend to blame their own governments. In Peru Pedro Castillo won power last year with the slogan “no more poor people in a rich country”. Covid-19 made that harder—it has been deadlier in Peru than almost any other country, according to’s excess-deaths tracker. And just as the economy was recovering, Mr Putin’s war choked off its supply of fertiliser.
Only proud people take revolution back to government. In the history of coward nation, there was never a revolution
Getting nervous? Watch your asses
There are different types of cancers eroding the global economy: stock markets, credit cards, government spending, etc. But there is one single type that is killing it with no mercy: CEO salaries. I've never seen a major corporation surviving after a new CEO was hired to save it.
Sure you know the script, why don't you tell us?
The idiotic US chocked so many economies and lit so many wars without the intention to finish them but rather to keep sucking the blood and resources of those countries which opened the door for China to swoop in & take over. US tools are: the IMF and the World bank among others.
Pakistan will explode next We will fight till the last ball ❤️🇵🇰
May be UK?
The photo and title is Sri Lanka but inside writing is all about Turkey ! Do u think we are the next? I especailly doubt if the economist subject is us, i believe they do not mention anything for nothing ProfDemirtas
The next is USA. 😃😃😃
The nation that add up its people's and can't gave rights to their minorities will be the next to explode in such inflations.
UrsulaKiener
Putin likes to see countries in turmoil.
Many countries going down the toilet, with the green new deal! People starve. While people like Kerry, Obama and Gore, Profit off of their misery.
愚かな指導者
And left wing technocratic WEF style authoritarianism. Of which people are absolutely sick to the back teeth.
Definitely not Russia. Neanderthals can survive on potatoes and water.
novicus No shit. Keep pushing ESG. See how things turn out.
This is why Singapore and China like countries stay away from Western style political system. Election dun get you capable leader, but people who is popular.
event divide sign
Guess, I'll bet they have young economic leaders.
It was a time bomb waiting to explode….High food costs were only a trigger… High debt Move to organic farming Cutting taxes sharply Covid
Here's the list...
Argentina xfis
Wrong. THIS is what is fostering unrest....
thanks Biden
Stop drinking the ClimateEnvoy ClimateReality MarkJCarney WEF ClimateAction digital debt derived ESG Green Koolaid 🤢🤢🤢 or have fun being BuildBackBetter poor, cold, hungry and unsafe .... Too Fuck'n Late 🤮🤮🤮 UN antonioguterres
A prayer carpet is all you need
EmilKalinowski I’m sure those pissed off farmers protesting will help it
London has really turned into a terd.
Pahalı yiyeceği ve enerjiyi de siz yükseltiyorsunuz zaten
Jai Sri Lanka.
Yes, skyrocketing food prices means the start of an economic crisis.
The United States clings to the idea of violence as a threat to life.
Clients getting anxious? Telling you to act? More bread and circuses? Free Disney+? Go to it. Earn your keep. Protect the rich.
is upset that 'The Lower Orders of Humanity' can take their revenge on The Elites! 'In The Shadow of the Winter Palace' 1976...
I hope global food energy unrest does not result in the overthrow of corrupt parasitic elites / crime cabals / CIA coup regimes. That would be too bad. New security architectures new borders new states no more EU.ECB.€ total nightmare.
Unrest is for the Failed globalism and Neoliberalism ... Capitalism is dead ... the late Eric Hobsbawm said that several years ago.
High energy prices are the tactic that so-called climate activists in government are using to 'transition' from oil&gas to wind/solar What these activists pursue for their own vain and false virtue creates poverty, crime and strife in poor communities Green fantasies harm world
Meanwhile:
Ne ekersen onu biçersin.
Despite judicial activism, media persecution of President Bolsonaro of Brazil, the country is moving as it can in the economy
Must be Biden causing global inflation🙄
Many support dictators, populists, islamists and other criminal leaders. When, surprisingly, it's not going according to the hollow 'promises', they lament, cry that's unjust and that is someone else fault. Look in the mirror, it is YOU that tolerate and enable these vultures !!
4.99lb for chicken breast that used to be 2.99 6 months ago Cherries 10.99lb OJ used to be 2 for $5 now 2 for $7 FJB
Capitalism has failed! Again!
Many heading north
somewhere Charles Koch is smiling
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