Most Political Unrest Has One Big Root Cause: Soaring Inequality; Effects of 2008 Crash Still Here
'Most Political Unrest Has One Big Root Cause: Soaring Inequality,' The 2008 crash stripped the sheen off global capitalism. Were still living with the effects. Michael Massing, The Guardian, Jan. 24, 2020.
The popular protests that erupted in 2019 and have continued to rumble from France and Spain in Europe to Hong Kong and India in Asia; from Chile, Colombia and Bolivia in Latin America to Lebanon, Iran and Iraq in the Middle East have perplexed analysts. Because they have been so far-flung and have lacked an iconic moment like the fall of the Berlin Wall, the common thread hasnt been obvious. But there is one: rage at being left behind. In each instance, the match may differ, but the kindling has (in most cases) been furnished by the gross inequality produced by global capitalism.
Consider Lebanon. The demonstrations that erupted there in October were triggered by the governments plan to tax calls made through WhatsApp and other internet services, but they quickly mushroomed into a broader protest against high unemployment, sectarian rule, corruption, and the governments failure to provide basic services like electricity and sanitation.
According to the World Inequality Database, the top 1% of Lebanons population receives about 25% of the nations income. Six Lebanese billionaires have a combined personal wealth of about $11bn, according to Forbes. Three of those billionaires are the sons of Rafik Hariri, who made a fortune in construction and twice served as Lebanons prime minister before being assassinated in 2005. (A fourth son, Saad Hariri, was prime minister until his recent resignation amid reports that he had given more than $16m to a bikini model he had met while vacationing in the Seychelles.) Protesters maintained that the pampered elite, rather than strapped working people, should foot the bill for the countrys economic problems.
- The match may differ, but the kindling has (in most cases) been furnished by the gross inequality produced by global capitalism -
In Chile, an increase in subway fares catalyzed protest. The popular discontent caught many observers by surprise, since Chile has experienced years of steady growth and has a reputation for good governance. In fact Chile, with a per capita income of $15,800, is a member of the Organization for Economic Cooperation and Development for prosperous nations. Of the OECDs 36 members, however, Chile has one of the highest levels of inequality. Its economy is dominated by a group of powerful oligarchs, among them its current president, Sebastián Piñera, who is worth an estimated $2.8bn (amassed largely in the credit card business). Despite their countrys wealth, working Chileans have had to grapple with rising utility costs, stagnant wages and paltry pensions. The protests have registered their fury.
In Hong Kong, months of demonstrations have had one overriding goal: resisting Chinas encroachments on the citys autonomy and democratic institutions. That the protests have become so virulent and lasted so long, however, reflects deep exasperation with the regions sky-high cost of living. By some accounts, Hong Kong is the worlds most unaffordable city, with rents higher than London and New York for apartments half the size. It may also be the worlds most unequal city: its 93 or so billionaires have a combined worth of more than $300bn while nearly one in five residents lives in poverty.
Worldwide, the numbers are stark. As calculated by Oxfam, 26 people have the same amount of wealth as the 3.8 billion people in the worlds bottom half. In the United States, the three richest people have the same amount of wealth as the bottom 160 million...
More, https://www.theguardian.com/commentisfree/2020/jan/24/most-political-unrest-has-one-big-root-cause-soaring-inequality
- 2019 Wasn't Just About Trump, It Will Be Remembered For Global Resistance, Truthout
https://truthout.org/articles/2019-wasnt-just-about-trump-it-will-be-remembered-for-global-resistance/
- Protesters, medical professionals and political opponents demand the resignation of Haitian President Jovenel Moïse in Port-au-Prince, Haiti, on October 30, 2019.
KPN
(15,646 posts)The root cause of corrupted governance is greed and/or lust for power. The root cause of greed and/or lust for power is ...
(fill in the blank because frankly I dont know I just cant figure that one out).
appalachiablue
(41,142 posts)BlueWI
(1,736 posts)This issue still has too low of a profile, given the historic levels of income division.
appalachiablue
(41,142 posts)'Neoliberalism the ideology at the root of all our problems.' Financial meltdown, environmental disaster and even the rise of Donald Trump neoliberalism has played its part in them all. Why has the left failed to come up with an alternative? Excerpt:
- Neoliberalism: do you know what it is?
Its anonymity is both a symptom and cause of its power. It has played a major role in a remarkable variety of crises: the financial meltdown of 2007‑8, the offshoring of wealth and power, of which the Panama Papers offer us merely a glimpse, the slow collapse of public health and education, resurgent child poverty, the epidemic of loneliness, the collapse of ecosystems, the rise of Donald Trump. But we respond to these crises as if they emerge in isolation, apparently unaware that they have all been either catalysed or exacerbated by the same coherent philosophy; a philosophy that has or had a name. What greater power can there be than to operate namelessly?
So pervasive has neoliberalism become that we seldom even recognise it as an ideology. We appear to accept the proposition that this utopian, millenarian faith describes a neutral force; a kind of biological law, like Darwins theory of evolution. But the philosophy arose as a conscious attempt to reshape human life and shift the locus of power.
> Neoliberalism sees competition as the defining characteristic of human relations. It redefines citizens as consumers, whose democratic choices are best exercised by buying and selling, a process that rewards merit and punishes inefficiency. It maintains that the market delivers benefits that could never be achieved by planning."
Attempts to limit competition are treated as inimical to liberty. Tax and regulation should be minimised, public services should be privatised. The organisation of labour and collective bargaining by trade unions are portrayed as market distortions that impede the formation of a natural hierarchy of winners and losers. Inequality is recast as virtuous: a reward for utility and a generator of wealth, which trickles down to enrich everyone. Efforts to create a more equal society are both counterproductive and morally corrosive. The market ensures that everyone gets what they deserve...
https://www.theguardian.com/books/2016/apr/15/neoliberalism-ideology-problem-george-monbiot