Economic Uncertainty Leading to Global Unrest. CNBCLondon is reeling from three nights of rioting that's poured hundreds of people into the streets, leaving several local neighborhoods in shambles. One man is dead, dozens injured and arrested.
The protests have now spread to other cities, with violence reported in parts of Birmingham, Liverpool and Bristol.
Great Britain and other parts of the world are experiencing unrest at a time of global economic uncertainty and stock market volatility.
Here's a look at what's happening around the world and how economic downturns are bringing protestors into the streets. Read more »
These are modern versions of hunger revolts.
Dramatic increase in commodity(food, fuel) prices over the last few years disproportionally affected poor (commodity consumption makes up a large percentage of their budget).
This also created a strain on government budgets of countries that are net importers of commodities (Europe, USA). Situation will get better as commodity bubble gets defused, but that might take another year or two. At that point social unrest and government budgetary vows will shift to exporters of commodities (Saudi Arabia, Iran, Russia, etc).
Israel - a big time commodity exporter is hit very hard (and doing very well comparatively) and will benefit dramatically when commodity bubble defused.
