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Economic crisis spreads unrest globally
Published: 18 May, 2010, 04:47
Edited: 18 May, 2010, 23:44
''Red Shirt'' anti-government protesters in Bangkok on May 17, 2010 (AFP Photo / Nicolas Asfouri)
(22.1Mb) embed videoTAGS: Conflict, Crime, Asia, Protest, Europe, Economy
In Thailand, unrest continues with no end in sight. The effects are spreading as unrest continues in Greece and is now beginning in Spain. Are these economic protests the beginning of social revolutions?
In Southeast Asia turmoil continues in Thailand as protesters see no end in sight. The effects are spreading as unrest continues in Greece and is now beginning in Spain. Are these economic protests the beginning of social revolutions?
As the Greek government begins to push for investigations of investment banks, Andrew Gavin Marshall from the Center for Research on Globalization says it’s more than just the banks who are to blame for the crisis.
“Ultimately everyone is responsible in a position of power. The previous Greek governments have been responsible for their bad policies and their collusion with the investment banks. It’s not about one or the other, it’s central banks, investment banks and government power. Together they have all accumulated this bad debt” said Marshall.
“In an economic decline, you see imperial mobilization. As empires decline, as the US empire is declining you see rapid increased international violence and war. You see this militarization abroad, but also the homeland security state at home, which is more about controlling the people than protecting the people. It’s a very global issue; you will have people rising up in rebellion everywhere," Marshall said.
17.05.2010, 22:18
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18.05.2010, 08:34
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In Spain the worse consequence of the crisis will be....a 5% cut in the salaries of bureaucrats which goes as follow: If the bureaucrat earns $1,200 a month will lose about 3%, so about $40. (the poorest in the Spanish scale of bureaucrats) If the bureaucrat earns $3,600 a month will lose about 8%, so about $300. (the richest in the Spnaish scale of bureaucrats) It is bad, but most people in the rest of the World, including the Russian Federation, earn less than the poorest group of Spanish bureaucrats.