{"id":7702,"date":"2015-04-30T05:51:54","date_gmt":"2015-04-30T10:51:54","guid":{"rendered":"http:\/\/olduvai.ca\/?p=7702"},"modified":"2015-04-30T05:51:54","modified_gmt":"2015-04-30T10:51:54","slug":"high-levels-of-youth-unemployment-and-runaway-inequality-cause-riots","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=7702","title":{"rendered":"High Levels of Youth Unemployment \u2013 and Runaway Inequality \u2013 Cause Riots"},"content":{"rendered":"<h3 class=\"entry-title\"><a href=\"http:\/\/www.washingtonsblog.com\/2015\/04\/high-levels-of-youth-unemployment-and-runaway-inequality-cause-riots.html\" target=\"_blank\">High Levels of Youth Unemployment \u2013 and Runaway Inequality \u2013 Cause Riots<\/a><\/h3>\n<p><strong>Recipe For Disaster<\/strong><\/p>\n<p>We\u2019ve known for\u00a0<a title=\"1,900 years\" href=\"http:\/\/www.washingtonsblog.com\/2011\/04\/1900-year-old-wisdom-an-imbalance-between-rich-and-poor-is-the-oldest-and-most-fatal-ailment-of-all-republics.html\">1,900 years<\/a>\u00a0that runaway inequality\u00a0<a title=\"destroys societies\" href=\"http:\/\/www.washingtonsblog.com\/2014\/08\/standard-poors-runaway-inequality-dampens-gdp-growth-leads-boombust-cycles-discourages-trade-investment-hiring-produces-less-competitive-workforce.html\">destroys societies<\/a>.<\/p>\n<p>The great American historian Will Grant\u00a0<a title=\"wrote\" href=\"http:\/\/www.goodreads.com\/quotes\/879360-in-progressive-societies-the-concentration-of-wealth-may-reach-a-point\" target=\"_blank\">wrote<\/a>\u00a0in 1969:<\/p>\n<blockquote><p>In progressive societies the concentration[of wealth] may reach a point where the strength of number in the many poor rivals the strength of ability in the few rich; then the unstable equilibrium generates a critical situation, which history has diversely met by legislation redistributing wealth or by\u00a0<strong>revolution<\/strong>\u00a0distributing poverty.<\/p><\/blockquote>\n<p>A 2011 study this month by economists Hans-Joachim Voth and Jacopo Ponticelli shows that \u2013 from 1919 to the present \u2013\u00a0<a title=\"austerity has increased the risk of violence and instability\" href=\"http:\/\/www.washingtonsblog.com\/2011\/08\/austerity-and-runaway-inequality-lead-to-violence-and-instability.html\">austerity has increased the risk of violence and instability<\/a>.<\/p>\n<p>Peter Turchin (professor in the Department of Ecology and Evolutionary Biology, and an adjunct professor in the departments of Anthropology and Mathematics at the University of Connecticut) pointed out in 2013 that\u00a0<a title=\"inequality is cyclical, skyrocketing until \u2013 periodically \u2013 revolution forces concessions from those who have grabbed all the wealth\" href=\"http:\/\/www.washingtonsblog.com\/2014\/11\/inequality-cyclical-skyrocketing-periodically-revolution-closes-gap.html\">inequality is cyclical, skyrocketing until \u2013 periodically \u2013 revolution forces concessions from those who have grabbed all the wealth<\/a>.<\/p>\n<p>Indeed, leading institutions and economists all over world\u00a0<a title=\"warn\" href=\"http:\/\/www.washingtonsblog.com\/2011\/07\/raging-inequality-may-cause-unrest-and-violence-in-america-and-the-rest-of-western-world.html\">warn<\/a>\u00a0that runaway inequality could cause violence and unrest.<\/p>\n<p>For those who work for a living, the level of inequality in America today is arguably\u00a0<a title=\"the highest in world history\" href=\"http:\/\/www.washingtonsblog.com\/2014\/04\/work-living-level-inequality-u-s-writes-piketty-probably-higher-society-time-past-anywhere-world.html\">the highest in world history<\/a>.<\/p>\n<p>A high level of youth unemployment is also a\u00a0<a title=\"leading cause\" href=\"http:\/\/www.washingtonsblog.com\/2011\/02\/leading-indicators-of-revolt-in-the-middle-east-and-northern-africa-corruption-unemployment-and-percentage-of-household-money-spent-on-food.html\">leading cause<\/a>\u00a0of riots. As we\u00a0<a title=\"noted\" href=\"http:\/\/www.washingtonsblog.com\/2011\/02\/leading-indicators-of-revolt-in-the-middle-east-and-northern-africa-corruption-unemployment-and-percentage-of-household-money-spent-on-food.html\">noted<\/a>\u00a0in 2011:<\/p>\n<p>&#8230;click on the above link to read the rest of the article&#8230;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>High Levels of Youth Unemployment \u2013 and Runaway Inequality \u2013 Cause Riots Recipe For Disaster We\u2019ve known for\u00a01,900 years\u00a0that runaway inequality\u00a0destroys societies. The great American historian Will Grant\u00a0wrote\u00a0in 1969: In progressive societies the concentration[of wealth] may reach a point where the strength of number in the many poor rivals the strength of ability in the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2,6],"tags":[2500,425,5042,657,685,1709,868,5043,902],"class_list":["post-7702","post","type-post","status-publish","format-standard","hentry","category-economics","category-liberty","tag-history","tag-inequality","tag-peter-turchin","tag-protests","tag-revolution","tag-riots","tag-wealth","tag-wealth-redistribution","tag-youth-unemployment"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/7702","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=7702"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/7702\/revisions"}],"predecessor-version":[{"id":7703,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/7702\/revisions\/7703"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=7702"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=7702"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=7702"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}