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A Pandemic of Economic Violence. Will Economic Brushfires Prove Too Virulent to Contain?
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The global economic meltdown has already caused bank failures, bankruptcies, plant closings, and foreclosures and will, in the coming year, leave many tens of millions unemployed across the planet. But another perilous consequence of the crash of 2008 has only recently made its appearance: increased civil unrest and ethnic strife. Someday, perhaps, war may follow.
As people lose confidence in the ability of markets and governments to solve the global crisis, they are likely to erupt into violent protests or to assault others they deem responsible for their plight, including government officials, plant managers, landlords, immigrants, and ethnic minorities. (The list could, in the future, prove long and unnerving.) If the present economic disaster turns into what President Obama has referred to as a "lost decade," the result could be a global landscape filled with economically-fueled upheavals.
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Giorgio Bertini added to American Economics & the American Economy, Stimulus, Economic, Public Policy, Activism, Sustainability Through People, Geopolitics, Policy, Globalization | Trade and Finance, Emerging Markets, World financial crisis, Financial and Economic Global Crisis, Ch...Ch...Ch Changes, Chile, Conversations, Learning and Change, Developing World, , The Radical Twine, Money and Investing, Participation for Citizenship, Local Community Development, European Economy, *Changing America?, Accountability, Global Economy, Mauro Magnani's FINANCIAL TWINE, Brazil, Finance & Economics, China, Politics 12 months ago
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