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NYTimes
New York Times
5 Jul 2024
Jack Nicas


NextImg:Political Unrest Worldwide Is Fueled by High Prices and Huge Debts

Like a globe-spanning tornado that touches down with little predictability, deep economic anxieties are leaving a trail of political turmoil and violence across poor and rich countries alike.

In Kenya, a nation buckling under debt, protests over a proposed tax increase last week resulted in dozens of deaths, abductions of demonstrators and a partially scorched Parliament.

At the same time in Bolivia, where residents have lined up for gas because of shortages, a military general led a failed coup attempt, saying the president, a former economist, must “stop impoverishing our country,” just before an armored truck rammed into the presidential palace.

And in France, after months of road blockades by farmers angry over low wages and rising costs, the far-right party surged in support in the first round of snap parliamentary elections on Sunday, bringing its long-taboo brand of nationalist and anti-immigrant politics to the threshold of power.

The causes, context and conditions underlying these disruptions vary widely from country to country. But a common thread is clear: rising inequality, diminished purchasing power and growing anxiety that the next generation will be worse off than this one.

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Protests in Nairobi. Demonstrations over a proposed tax increase have resulted in dozens of deaths in Kenya.Credit...Brian Otieno for The New York Times

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