By Ruchir Sharma – Still-smoldering protests from Egypt to Brazil have set off a race among scholars and journalists to identify the roots of this summer of discontent in the emerging world. Each major theory starts at the bottom, with the protesters on the street, and notes a common thread: young, Twitter-savvy members of a rising middle class. In this telling, the protests represent the perils of success, as growing wealth creates a class of people who have the time and financial wherewithal to demand from their leaders even more prosperity, and political freedom as well.
This is a plausible story, often well told.
Maybe the place to start searching for a common thread is not in the streets but in the halls of power. Among the 20 largest emerging nations, the ruling party has now been in power for slightly more than eight years on average, or roughly double the average 10 years ago. more> http://tinyurl.com/l3oz8ux
- What the World’s Middle Classes Are Really Protesting (bloomberg.com)
- Within BRICs, Only China To Get Richer (forbes.com)
- The global middle class awakens (theneteconomy.wordpress.com)
- ROBERTS: Brazil’s economic woes show limits of state meddling (washingtontimes.com)
- Workers play a big role in these global ‘middle-class’ revolutions | Richard Seymour (theguardian.com)
- Are Middle Class Protests Fallout from Poverty Alleviation? (ipsnews.net)