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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: elmatador who wrote (101395)	7/29/2013 4:03:19 PM
From: Snowshoe	2 Recommendations Recommended By dvdw© KyrosL Read Replies (3) \| Respond to of 219146

Dilma and the PT are running out of gas... What the World’s Middle Classes Are Really Protesting By Ruchir Sharma Jul 28, 2013 2:00 PM GMT-0800 bloomberg.com There is also no clear link between the protests and dashed middle-class fortunes. Since 2008, the average growth rate in emerging nations has slowed to 4 percent from 8 percent, so virtually every new middle class has cause for disappointment. Some protest-stricken nations have seen particularly severe slowdowns, including Brazil recently and Russia before it. But others were growing faster than their emerging-world peers, including Turkey and even Egypt before the fall of Hosni Mubarak in 2011. So why are these nations among the cauldrons of middle-class rage? Maybe the place to start searching for a common thread is not in the streets but in the halls of power. Among the 20 largest emerging nations, the ruling party has now been in power for slightly more than eight years on average, or roughly double the average 10 years ago. Of the nine countries where the ruling party has held office for longer than eight years, there have been significant protests targeting the national leadership in at least six: Argentina, Brazil, Turkey, Russia, South Africa and India. *** Boring Heroes** These are revolts against the ancient regimes, revealing the peril of staying in power too long, a familiar risk since the days of Louis XVI. Often, even successful leaders have gotten complacent or overconfident, failing to enact reforms fast enough to sustain a balance of growth across different regions and classes. Eventually, enough people get fed up with the old regime that the population turns on even the giants of postwar economic development, such as Suharto in Indonesia or Mahathir Mohamed in Malaysia. In the end, wrote Ralph Waldo Emerson, every hero becomes a bore.