Coming here soon unless there’s a major regime change in D.C.
Violent Inflation Riots Begin
The inflation riots have begun. Peru and Sri Lanka both are experiencing violence as inflation spirals the prices of basic necessities higher and higher.
We’ve been here before, and recently. The Arab Spring was a period of social unrest and riots in 2010 and 2011 that was triggered, in part, by spiking food costs.
As Alfred Henry Lewis said in 1906, “There are only nine meals between mankind and anarchy.”
But before pure anarchy comes, society experiences increasing unrest and the erosion of social bonds and niceties. That’s where we are now.
Food prices today are higher than they were in 2010, so the protests are not at all surprising. We can and should expect more of them.
Worse than that, however, is the prospect of actual famine and food shortages. I expect true famine to emerge by the end of…
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