Your new post is loading...
NEW YORK – From Turkey to Egypt, Bulgaria to Thailand, and Brazil to India, the rise of an urban, entitled, angry middle class is one of the most striking trends of the last few years. Rebellions have different proximate causes, but protestors are united by a profound sense of disillusionment with self-interested and inefficient regimes. They are also technologically savvy, aware of their rights, and economically ambitious. Their countries have benefited to varying degrees from emerging market growth and investment, but their regimes have all failed to evolve politically to meet the expectations of their people. As liquidity tightens and growth slows, this state-level dysfunction is increasingly exposed. It is no surprise then, that a common theme drives all these protests – corruption.
