"People on the streets": The director of the International Monetary Fund is warning of societal breakdown if sky-high inflation isn't contained
· · Sep 21, 2022 · NottheBee.com

People don't get to be in positions of power like this by making these sorts of pronouncements willy-nilly. When she makes a prediction like this, we should listen:

There will be "people on the street" globally unless steps are taken to protect the most vulnerable from inflation, International Monetary Fund's (IMF) chief Kristalina Georgieva warned on Wednesday.

"It is important to think that this compounded impact of multiple crises is already testing the patience and resilience of people. And if you don't take action to support the most vulnerable, there would be consequences: people on the street," IMF's Managing Director Georgieva told CNN's Christiane Amanpour. ...

"This year is tough, next year tougher. Why? Because of a shock upon shock upon shock. In just a short three years: the pandemic (not yet over), the war, Russia's invasion pushing energy and food prices up, and then the result is a cost of living crisis," she told CNN.

She's not wrong. We should be concerned. When all of this starts to seem increasingly out-of-reach for most people...

...then people get desperate. And desperate people do desperate things:

"If we are not able to protect the sense of survival and the sense of solidarity, this is what is going to happen," she warned.

The way out of all of this is not painless. But it could get much, much worse if we're not careful.


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