Inflation protests and riots are going worldwide.
I guess SriLanka was just the start https://t.co/DaBNzjA1aL
— Chandra Duggirala M.D (@csentropy) July 10, 2022
This could get very ugly, very quickly. Watch the video:
Thousands of people hold protests in Tirana, Albania against the surge in the cost of living and government corruption. Take a look:pic.twitter.com/PbsoXRfNMw
— Steve Hanke (@steve_hanke) July 8, 2022
Economic protests are growing in frequency around the world as challenges brought on by soaring inflation, the coronavirus and the war in Ukraine are causing tensions to boil over.
The demonstrations – which reportedly have been met with violence in countries like China – are unfolding across multiple countries in places including the Netherlands, Argentina, Sri Lanka and Albania.
“The resignation of the economy minister showed there is an economic and financial collapse that is affecting the lives of workers, of the whole the population,” Workers’ Party member Marcelo Ramal told Reuters from Argentina, where inflation is currently running at more than 60%. “We must consider that this year we’ll have around 80% to 90% inflation with wages that aren’t rising as fast.”
The grim economic conditions brewing in the third most populous South American country have prompted angry residents to march to the gates of Argentine President Alberto Fernandez’s palace, prompting the embattled leader to declare this past weekend that “we must walk the path towards fiscal balance and stabilize the currency.”
Ordo ab chao?
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