CNBC: British Riots – And Unrest Worldwide – Caused By “Economic Uncertainty”
by George Washington
While most mainstream news outlets are blaming the British riots on random thuggery, they are really an outgrowth of bad economic conditions and governments’ poor response to the financial crisis.
As I’ve noted for years, raging inequality and policies which help the big boys at the expense of the “little people” are causing unrest – not just in Egypt – but worldwide.
As CNBC reports today:
Great Britain and other parts of the world are experiencing unrest at a time of global economic uncertainty and stock market volatility.
Police in London say the violence began during a vigil for a man, Mark Duggan, who’d been killed by police. However, those on the streets say what’s happening goes beyond one man’s death.
In late June, half the public schools in Britain where closed by a massive protest over public pensions cuts, including three major teachers’ unions, customs and immigration officers, and air traffic controllers. Some 750,000 people took part in the protest.
London’s press has reported that discontent has been simmering among Britain’s urban poor for years, in neighborhoods like Tottenham, where the riots started.
But as one man told NBC News about an economic protest two months ago, “There was not a word in the press about our protests. Last night (Saturday) a bit of rioting and looting and now look around you.”
Cameron’s conservative government is under fire for spending cuts to social programs in order to help reduce the country’s debt. Among those hit the hardest are large numbers of minority youths who have been at the forefront of the unrest.
And watch this BBC interview: