The Whole World Is Rioting as the Economic Crisis Worsens -- Why Aren't We?
Also in Corporate Accountability and WorkPlace
Why Shouldn't Paris Hilton Pay Her Fair Share?
Brian Miller
In the Shadow of Goldman Sachs, Wall Street Is Far from Recovery
Denver Nicks
Foreclosure Crisis Ceding American Communities to Rats, Insects
Annette Fuentes
Congress's Attempt at Financial Reform Is Very Weak Broth
Zach Carter
Krugman: It Seems Like Washington Wants Another Financial Disaster
Paul Krugman
10 Percent Interest Is Plenty Enough! Why Usury Needs to Stop Now
William Greider
Explosive anger is spilling out onto the streets of Europe. The meltdown of the global economy is igniting massive social unrest in a region that has long been a symbol of political stability and social cohesion.
It's not a new trend: A wave of upheaval is spreading from the poorer countries on the periphery of the global economy to the prosperous core.
Over the past few years, a series of riots spread across what is patronizingly known as the Third World. Furious mobs have raged against skyrocketing food and energy prices, stagnating wages and unemployment in India, Senegal, Yemen, Indonesia, Morocco, Cameroon, Brazil, Panama, the Philippines, Egypt, Mexico and elsewhere.
For the most part, those living in wealthier countries took little notice. But now, with the global economy crashing down around us, people in even the wealthiest nations are mad as hell and reacting violently to what they view as an inadequate response to their tumbling economies.
The Telegraph (UK) warned last month that protests over governments' handling of the crisis "are widespread and gathering pace," and "may spark a new revolution":
A depression triggered in America is being played out in Europe with increasing violence, and other forms of social unrest are spreading. In Iceland, a government has fallen. Workers have marched in Zaragoza, as Spanish unemployment heads towards 20 percent. There have been riots and bloodshed in Greece, protests in Latvia, Lithuania, Hungary and Bulgaria. The police have suppressed public discontent in Russia and will be challenged again at large gatherings this weekend.
Consider a snapshot of a single week of unrest, courtesy of the Guardian:
"This week it was the farmers' turn, rolling their tractors out to block the motorways, main road and border crossings across the Balkans to try to obtain better procurement prices for their produce."
"France, meanwhile, is moving into recession, and unemployment is going up. The latest jobless figures were to have been released yesterday, but were held back, apparently for fear of inflaming the protests."
See more stories tagged with: protests, financial crisis
Joshua Holland is an editor and senior writer at AlterNet.
Liked this story? Get top stories in your inbox each week from Corporate Accountability and WorkPlace! Sign up now »
You've chosen to turn comments off for the entire site. Would you like to turn them back on?
Support AlterNet
Do you value the information you're getting from AlterNet? Please show your support with a tax-deductible donation.
Feedback
Tell us how we're doing.