Here are just some of the uprisings over government incompetence that are happening around the world #revolts #government #incompetence #happening #world OLASMEDIA TV NEWSThis is what we have for you today:
- All over the world, people have revolted over inflation, high living costs and government corruption.
- Western sanctions against Russia have led to shortages of essential raw materials, causing prices to skyrocket.
- “Sanctions against Russia will prove to be a graveyard for many governments around the world,” economist Steve Hanke told the Daily Caller News Foundation.
Protests in rich and developing countries around the world have cropped up in recent weeks over economic grievances and “ill-considered” government policies.
Countries struggle with inflation and exorbitant fuel costs, while the war in Ukraine has cut off important sources of food and fertilizer, which experts warn could cause a global food disaster. Faced with a lower standard of living and poverty, people in many countries are demonstrating against what they see as the poor way their governments are dealing with economic challenges.
“The main underlying cause of the protests is the Western sanctions being imposed on Russia,” Steve Hanke, a professor of applied economics at Johns Hopkins University and a former adviser to Reagan, told the Daily Caller News Foundation. “They have completely disrupted the international oil market, the market for grains, cooking oil and many other basic commodities.” (RELATED: ‘Trying to Fool Ordinary People’: Russell Brand Rage Against the ‘Big Reset’)
People in Pakistan are demonstrating after the newly formed government cut fuel subsidies and raised taxes, sending fuel prices skyrocketing to 70% by the end of July, the Times of India said. reported. The International Monetary Fund on Thursday awarded Pakistan up to $1.17 billion on top of its $6 billion emergency loan for 2019 as the economy falters, with only enough foreign exchange reserves to support five weeks of imports.
Pakistan is ours and we will take it back from the mafia pic.twitter.com/hFwaYuyaSB
— Shayan Ali (@ShayanA2307) July 20, 2022
Protesters have blocked roads in Panama for three weeks, halting food deliveries as a way to pressure the government to curb government spending and reform corrupt behavior, Reuters reported Wednesday. The government has implemented austerity measures and limited fuel costs, but inflation continues to rise.
Protests continue to escalate in #Panama. For the third week in a row, thousands marched to denounce high fuel and food costs. pic.twitter.com/idi7jI1OL8
— Steve Hanke (@steve_hanke) July 22, 2022
Puerto Ricans demonstrated on Wednesday against a government contract with energy company LUMA, which raised tariffs by 17% in July despite frequent power outages. according to to Reuters.
Hundreds took to the streets in Puerto Rico on Wednesday. The public is calling on the government to cancel their contract with electricity grid operator LUMA Energy. Power outages and frequent rate hikes have become the norm. Watch the scene in San Juan:pic.twitter.com/Dqn4oiA1ni
— Steve Hanke (@steve_hanke) July 21, 2022
About 100 truck drivers blocked a major highway in Australia on Wednesday, claiming the government has fixed wage rates that don’t match the price of fuel, despite promises to introduce a fuel tax, Sky News reported.
“Our fuel is up to 50-60 percent of our cost and they let us dry out, so we decided to drive into town to show them that it’s necessary,” Victorian Tippers United Treasurer Ricky Woolcock told Sky News.
Australian truckers are furious. More than 100 truck drivers protested skyrocketing fuel costs and caused traffic to come to a halt in Melbourne on Wednesday. Look:pic.twitter.com/WXrt2ajYOA
— Steve Hanke (@steve_hanke) July 20, 2022
Opposition leaders joined protesters outside India’s parliament building on Tuesday to demonstrate against inflation and a 5% hike in taxes on certain packaged foods and goods, Republic World reported.
Opposition MPs continue to protest against inflation and the unreasonable increases in the GST on basic foodstuffs.
We will not stop until the government is forced to listen to the voice of the people. pic.twitter.com/ru7z64NYUu
— Congress (@INCIndia) July 22, 2022
Cubans protested government power outages and lack of food service on July 15, Radio Television Marti reported. Protesters chanted ‘We are hungry’ and ‘Down with communism’.
Anti-government protests are in full swing in Cuba. Cubans have been protesting for weeks over power outages and blackouts. Communism = no power. Look:pic.twitter.com/WotbHhiqLe
— Steve Hanke (@steve_hanke) July 20, 2022
French Yellow Vest protesters gathered in Paris on Bastille Day, July 14, amid rising inflation to influence the government to cut taxes and freeze the prices of certain necessary goods, according to to the French radio station RFI.
Protests against the cost of living have now sprung up in France. The public is outraged at rising energy and food prices. Watch the scene in Paris:pic.twitter.com/Ex1tUVISdz
— Steve Hanke (@steve_hanke) July 17, 2022
Protesters marched outside Argentina’s presidential palace on July 9, expressing outrage at rising inflation, which hit 60% at the time, and tight economic policies related to a $44 billion loan deal previously signed with the IMF in 2022, Reuters said. reported. Juan Carlos Giordano, one of the protesters and a socialist, said that “Argentina must cut its ties with the IMF, the Spanish empire of the 21st century.”
in Buenos Aires, #Argentina, hundreds of Argentines have gathered to protest the rising cost of living. No surprise. Today I measure inflation in Argentina at a staggering 77% per year. pic.twitter.com/XoN6Hxrf9T
— Steve Hanke (@steve_hanke) July 16, 2022
On July 7, a national holiday commemorating the day Kenyans gathered to call for free elections, 1,700 people demonstrated against the high cost of living in Kenya, The Guardian reported. The price of maize, a staple crop, has doubled since 2021.
Mass protests have erupted in Kenya over the high cost of living and the collapsing fiat currency. Kenyan Citizens Sing “No Food, No Elections” pic.twitter.com/tsnQ4K2tDa
— The International Magazine (@TheIntlMagz) July 11, 2022
Also on July 7, thousands of Albanians demanded the resignation of the current government amid corruption scandals and an escalating cost of living crisis linked to the war in Ukraine and the ongoing impact of COVID-19, according to to The Associated Press.
#Albania Anti-government protests in Tirana pic.twitter.com/LjuMpUPsc7
— NiCoLeEliSei (@NiCoLeEliSei1) July 8, 2022
Farmers and industry advocacy groups in the Netherlands, Germany, Italy and Poland staged riots earlier in July over the government’s agricultural and food import policies that they view as devastating to local industry.
Italian farmers have taken to the streets. They protest against rising fuel prices and rising production costs. Italy is once again in chaos. Look: pic.twitter.com/HVPxKXo6MY
— Steve Hanke (@steve_hanke) July 22, 2022
Thousands of angry Dutch farmers have taken to the streets to protest against the unwise Dutch GREEN policy. Look:pic.twitter.com/739LhCCSb5
— Steve Hanke (@steve_hanke) July 17, 2022
Protesters ousted Sri Lanka’s former president in early July amid power cuts, fuel rationing and alleged corruption after an environmentally motivated ban on fertilizers decimated domestic agricultural production and cut revenues. The new government is reportedly approaching a bailout deal with the IMF. according to to Reuters.
Police clashed violently with protesters in Ecuador for a week in June, killing three and injuring up to 100 over rising living costs. according to to The New York Times.
“Sanctions against Russia will prove to be a graveyard for many governments around the world,” Hanke told the DCNF.
The State Department argued that the Biden administration designed US sanctions to minimize the negative impact on global markets.
“Russia’s claims that US sanctions are responsible for rising food and fuel prices are clearly false,” a senior government official told the DCNF. “It is Putin’s war of choice that is affecting economies around the world and driving the world’s most vulnerable populations into greater food insecurity.”
The White House has not responded to the DCNF’s requests for comment.
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