Wednesday, April 1, 2009
"Hurt, Frightened and Very Angry:" Risk of Social Unrest Rising, Says FT's Martin Wolf
Protesters in the streets of London at today's G20 meeting and the silent, irate majority elsewhere have every reason to be "hurt, frightened and very angry," says Martin Wolf, chief economics commentator for The Financial Times.
As a result, "people in the developed world suddenly feel completely out of control for first time in 70-80 years," he continues. "Huge forces are now unleashed."
These forces include the kind of social unrest evident in London and more recently in emerging economies; similar disturbances are very possible in America too, he says.
This is what happens when governments are not allowed to sustain economies because of belief systems and because of ideology. The "free market fundamentalists" should be the first to go if angry mobs are rational enough to know who to blame, but they won't be, meaning that anyone is at risk of being swept up in social chaos disorder when it begins to spiral out of control.