It took 150 years to blow up the banking sector – a brief history of a slow detonation. Article link
If anyone had hoped that the Arab Spring and Occupy protests a few years back were one-off episodes that would soon give way to more stability, they have another thing coming. The hope was that ongoing economic recovery would return to pre-crash levels of growth, alleviating the grievances fueling the fires of civil unrest, stoked by years of recession.
But this hasn’t happened. And it won’t.
Instead the post-2008 crash era, including 2013 and early 2014, has seen a persistence and proliferation of civil unrest on a scale that has never been seen before in human history.
This month alone has seen riots kick-off in Venezuela, Bosnia, Ukraine, Iceland, and Thailand. This is not a coincidence. The riots are of course rooted in common, regressive economic forces playing out across every continent of the planet – but those forces themselves are symptomatic of a deeper, protracted process of global system failure as we transition from the old industrial era of dirty fossil fuels, towards something else.
Even before the Arab Spring erupted in Tunisia in December 2010, analysts at the New England Complex Systems Institute warned of thedanger of civil unrest due to escalating food prices. If the Food & Agricultural Organisation (FAO) food price index rises above 210, they warned, it could trigger riots across large areas of the world.