“If not handled, today’s financial crisis will become tomorrow’s human crisis. Social unrest and political instability will grow, exacerbating all other problems.”
That according to United Nations Secretary General Ban Ki-moon.
In China, Russia, France, Iceland and Britain, some leaders already fear that the worsening global economy will result in calls for new governments with new leaders and fresh ideas.
The Independent reported this week:
“China’s growth has dropped from 13 per cent in 2007 to 6.8 per cent in the most recent quarter. The rapid slowdown in the global economy, and in the US in particular, has hit China’s export-led economy, which has been at the heart of wider Asian growth in recent years. While extremely high compared with growth levels in mature economies, the slower pace is well below the 8 per cent the Government needs to create jobs for the millions of rural workers heading for China’s cities.The slowdown has left 20 million rural labourers unemployed, with 7 million college graduates also seeking work. The authorities are desperate to stop sporadic clashes between police and protesting workers turning into more general unrest against the Communist Party. ”
In Berlin, German, economically displaced people are setting paked luxury cars on fire.
In Russia there has been social unrest but leaders believe that welfare programs recently put into place will ease tensions.
“I believe that the current economic crisis will not damage social stability so severely,” Medvedev said in an interview with the Spanish media this week.
The “Tea Party” tax protests in the U.S. are rather small and mild mannered but indicate that many in America are also getting edgy with the poor economy and the solutions their governments are recommending.
In Paris, protestors voice concerns at failing economy, overtaxed social services
By Michelle Malkin
The Washington Times
Enough. In a word, that is the message of disgusted taxpayers fed up with the confiscatory policies of both parties in Washington. George Bush pre-socialized the economy with billion-dollar bailouts of the financial and auto industries. Barack Obama is pouring billions more down those sinkholes. It isn’t just the camel’s back that’s broken. His neck and four legs have all snapped, too.
Enough. Last Friday, thousands of Americans turned out to protest reckless government spending in the pork-laden stimulus package, the earmark-clogged budget bill, the massive mortgage-entitlement program and taxpayer-funded corporate rescues.
Contrary to false left-wing blog smears that the hastily planned impromptu events were “Astro-turfed,” the crowds were packed with first-time grass-roots activists. They were people with families and day jobs whose usual definition of “community organizing” involves neighborhood yard sales or their kids’ soccer matches. They were members of the silent majority who decided to be silent no more.