Wednesday 10 August 2011

Economic distress motivates desperation

Nobody condones the looting and the rioting in the UK. Opportunists, usually cowards, are by nature quite content to take advantage of any chaos for their own enrichment. The legality and moral disquiet aside, I wonder if the rioting is symptomatic of something much more dangerous.

Unemployment is here to stay unless some of the structural issues are addressed correctly. Even so, on balance, the 'reality- disconnect' between policymakers and 'the people' will enforce the status quo. If that's true, the youth are usually the demographic most at risk. The unfortunate outcome of unemployment and ineffective welfare in an inflationary environment is survival distress. We could well be at that tipping point where the economically-disenfranchised i.e: our youth, take matters into their own hands and challenge the status quo and sadly, who can blame them!

No comments:

Post a Comment