Tuesday, March 3, 2009

More Social Unrest--An Update

Yesterday the NY Times ran a front-page article which discusses why the Ukraine is teetering, and citizens there are on revolt's doorstep. If you want to read the article, copy and paste the following link into your favorite browser.

http://www.nytimes.com/2009/03/02/world/europe/02ukraine.html?sq=ukraine&st=cse&adxnnl=1&scp=2&adxnnlx=1236096001-DlU5emWlNIstjiufrAip9Q

As you may recall that in a blog on December 27, 2008, entitled, "A Not Too Rosy View of the World," among other things I suggested that it is almost inevitable that this will begin happening soon, and I also surmised that it may even hit the United States. The French had a major social strike in February, the Chinese are openly worried about social unrest and have mentioned it many times (how often have you seen the Chinese be "open" about things?) The WTO chief also has grave concerns.

I'm probably not telling you anything new, but it is often instructive to get the complete context.