4.8 • 977 Ratings
🗓️ 13 August 2024
⏱️ 27 minutes
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0:00.0 | Hello and welcome to Broeconomics. Now in this episode I'm going to be sticking with the theme of last week |
0:05.8 | and we're going to be looking at this civil unrest a little bit more but in the last episode it was a bit more |
0:10.8 | heartfelt it was a bit more reacting to the events as |
0:15.5 | they had folded saying some things that needed to be said. In this one I kind of |
0:20.4 | wanted to look at more the hard practical realities. |
0:23.2 | I've got lots of numbers in this, lots of graphs. |
0:26.4 | What actually are the government's options? |
0:28.6 | Why are they behaving like this? |
0:30.8 | How strong is their hand. |
0:34.0 | Spoiler, not particularly strong. |
0:37.0 | So economics of civil unrest, |
0:40.0 | I'm going to start with perhaps the key indicator that I found predicting civil unrest. |
0:47.0 | This is a chart that shows the red line is the growth in population and the blue line is real GDP per worker |
0:56.0 | so you know per capita GDP or you could look at it as the income level per the individual. And for those of you are listening, |
1:06.0 | basically they're opening up like alligator jaws. So population is going up, |
1:10.0 | straight up and to the right, real GDP per worker or the income per worker is going down |
1:18.0 | straight down and to the right and it's opening up an enormous gap between the two. Now this particular chart is actually for Canada, |
1:27.0 | it doesn't matter, it's the same chart for the UK, and I found a whole bunch of basically this indicator for a whole bunch of different situations |
1:36.6 | and going right back to the French Revolution, a absolute swave of periods of strong civil unrest have had this chart. |
1:47.8 | Now I did think briefly about trying to mess it all together and |
1:50.6 | overlaying it, but it was was the data was all in such different |
1:54.1 | formats it would have been a hell of a job to do it so I just thought I'll take the |
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