High inflation is causing GLOBAL protests - page 7.

Raflesia

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Quote from: Sayeds56 on September 09, 2022, 11:31:23 AM

Quote from: Kadal Ijo on September 09, 2022, 06:30:33 AM

Inflation is certainly a serious problem in the economy widely for the country, many countries that become bankrupt and the initial sign is inflation, the latest is Sri Lanka, inflation is uncontrolled and makes the purchasing power significant so as to make production and distribution does not work.

The economy of Sri Lanka was badly hit by the effects of corona pandemic & rising energy prices. Eventually the country defaulted on its debt payment but all the blame doesn't go to rising inflation. The previous government borrowed huge loans for infrastructure projects and in stead of paying them back to their creditors they continued doing restructuring of their loans & the situation reached to the level when they had no foreign exchange to buy crude oil/Gas & to pay installments of their loans. This is mismanagement of economy & man made crisis.

In this case, President Gotabaya Rajapaksa's policy made everything backfire for them because indeed with some controversial policies he did cause problems that made Sri Lanka now have to be chaotic in an atmosphere of panic and crisis that lasted a long time so that the people began to brutally demand because their economy is now completely destroyed.

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Quote from: Kadal Ijo on September 09, 2022, 06:30:33 AM

Inflation is certainly a serious problem in the economy widely for the country, many countries that become bankrupt and the initial sign is inflation, the latest is Sri Lanka, inflation is uncontrolled and makes the purchasing power significant so as to make production and distribution does not work.

The economy of Sri Lanka was badly hit by the effects of corona pandemic & rising energy prices. Eventually the country defaulted on its debt payment but all the blame doesn't go to rising inflation. The previous government borrowed huge loans for infrastructure projects and in stead of paying them back to their creditors they continued doing restructuring of their loans & the situation reached to the level when they had no foreign exchange to buy crude oil/Gas & to pay installments of their loans. This is mismanagement of economy & man made crisis.

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Inflation is certainly a serious problem in the economy widely for the country, many countries that become bankrupt and the initial sign is inflation, the latest is Sri Lanka, inflation is uncontrolled and makes the purchasing power significant so as to make production and distribution does not work.

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Quote from: boyptc on September 06, 2022, 05:09:12 AM

But if it's a terrible state of the country and these people, the citizens are seeing the wrongdoing of the officials or there's no action being taken then they are doing the right thing of sending them their message.

Sending a message to state officials as a warning is a very good thing, but I think not all state officials want to heed the message from the people.
Especially if the officials who view the people as ordinary people and not as important things, so that the resentment of the people can also arise and make protests unwisely.

Quote from: Wind_FURY on September 06, 2022, 06:15:56 AM

Perhaps we should be more understanding to those people who are protesting, and they're doing it because it's probably they have no choice. There's another protest that just started in the Czech Republic because of an energy crisis that's happening in the region. Because if you don't have the feeling that you need to protest, it's probably because you're lucky you live in a region where your basic needs are available and affordable.

What you say is true and I am not protesting not because the basic needs are available and affordable, but because the government is still willing to distribute a small amount of aid to people who need assistance and also to those who deserve assistance. So that there are not many protests that occur here except for students who want a decrease in the price of fuel oil, which in this month has experienced an increase in price.

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Quote from: boyptc on September 07, 2022, 02:19:55 PM

Quote from: Wind_FURY on September 06, 2022, 06:15:56 AM

Quote from: boyptc on September 06, 2022, 05:09:12 AM

Me too.

I can't blame them if they're protesting righteously and fighting for what is right. There are nonsense protests that are just wasting resources and effort.

But if it's a terrible state of the country and these people, the citizens are seeing the wrongdoing of the officials or there's no action being taken then they are doing the right thing of sending them their message.

Perhaps we should be more understanding to those people who are protesting, and they're doing it because it's probably they have no choice. There's another protest that just started in the Czech Republic because of an energy crisis that's happening in the region. Because if you don't have the feeling that you need to protest, it's probably because you're lucky you live in a region where your basic needs are available and affordable.

I agree.

Being understanding with most of the genuine protests should be done. But if the protests are for nothing and it's just like a diversion tactic related to politics, well, you can understand it clearly as well.

We are with those people that are protesting because they genuinely experience what they're telling to the government and like the one that you've mentioned.

It's a wake up call to those in the seats that their people are suffering and the least that they can do is to listen to them and take actions appropriately and as soon as possible.

I believe many of the protests are genuine, which are caused by the financial hardships that's an effect of inflation. In Indonesia, the people there have started to protest too after their government increased fuel prices by 30%. They protested for several days. That's a big problem for families who are in the lower income bracket. BUT I believe it will be controlled, and it will go down. Although an economic recession would happen.

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Quote from: Wind_FURY on September 06, 2022, 06:15:56 AM

Quote from: boyptc on September 06, 2022, 05:09:12 AM

Me too.

I can't blame them if they're protesting righteously and fighting for what is right. There are nonsense protests that are just wasting resources and effort.

But if it's a terrible state of the country and these people, the citizens are seeing the wrongdoing of the officials or there's no action being taken then they are doing the right thing of sending them their message.

Perhaps we should be more understanding to those people who are protesting, and they're doing it because it's probably they have no choice. There's another protest that just started in the Czech Republic because of an energy crisis that's happening in the region. Because if you don't have the feeling that you need to protest, it's probably because you're lucky you live in a region where your basic needs are available and affordable.

I agree.

Being understanding with most of the genuine protests should be done. But if the protests are for nothing and it's just like a diversion tactic related to politics, well, you can understand it clearly as well.

We are with those people that are protesting because they genuinely experience what they're telling to the government and like the one that you've mentioned.

It's a wake up call to those in the seats that their people are suffering and the least that they can do is to listen to them and take actions appropriately and as soon as possible.

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Quote from: boyptc on September 06, 2022, 05:09:12 AM

Quote from: wmaurik on September 04, 2022, 10:54:52 AM

I don't blame those who protest rightly and wisely. Because now there are many ways that every citizen can take when protesting for their rights as citizens. So a protest that is in accordance with the rules and also carried out in a wise way will be much better than doing it in a lay way or a one-day action with a duration of several hours as you said before.

Me too.

I can't blame them if they're protesting righteously and fighting for what is right. There are nonsense protests that are just wasting resources and effort.

But if it's a terrible state of the country and these people, the citizens are seeing the wrongdoing of the officials or there's no action being taken then they are doing the right thing of sending them their message.

Perhaps we should be more understanding to those people who are protesting, and they're doing it because it's probably they have no choice. There's another protest that just started in the Czech Republic because of an energy crisis that's happening in the region. Because if you don't have the feeling that you need to protest, it's probably because you're lucky you live in a region where your basic needs are available and affordable.

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Except the government is doing nothing about inflation and communicating with the populace, citizen should not put more pressure on the government on inflation. Inflation is everywhere in the world and the top countries are equally hit with it. They are not responsible for the pandemic and war but we all felt the outcome of the period. Even Russia is hit with over 15% inflation which I find the metric deceptive, asides the pandemic there are no reason for the height of inflation in the country and they benefiting more from the world economy in my opinion.

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Quote from: wmaurik on September 04, 2022, 10:54:52 AM

I don't blame those who protest rightly and wisely. Because now there are many ways that every citizen can take when protesting for their rights as citizens. So a protest that is in accordance with the rules and also carried out in a wise way will be much better than doing it in a lay way or a one-day action with a duration of several hours as you said before.

Me too.

I can't blame them if they're protesting righteously and fighting for what is right. There are nonsense protests that are just wasting resources and effort.

But if it's a terrible state of the country and these people, the citizens are seeing the wrongdoing of the officials or there's no action being taken then they are doing the right thing of sending them their message.

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Quote from: Leviathan.007 on July 19, 2022, 07:53:35 AM

I believe the links are much more than this and there are still other countries where people are protesting because of the inflation rate and maybe due to the lack of news we don't know about them. Because if you check the countries on the list you can see the protests are happening in the developed countries even in the countries with a good economic situation. So there is the worst situation in other countries where they had no strong economic power. The inflation rate we increasing all the time but recently we can see much more food crises compared to the last years and months.

now in my country also food prices are starting to rise due to the impact of inflation and of course many more in other countries are also experiencing food shortages because many farmers are affected by inflation which in the end causes food prices to be expensive and there are even farmers who do not sell their agricultural products because they are for their own consumption . because he was afraid that inflation would take a long time. but hopefully in the future inflation will end quickly.

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Quote from: Jatiluhung on August 31, 2022, 03:57:35 AM

Inflation in my country per month continues to increase by an average of about 0.4% per month based on information from the State Statistics Department.

Which country is that? It will do well if you can add the link to the statistics for reference purpose, i believe many countries were also found wanting inbthis aspect as well while some are just devicing means out of the inflation through their economy.

Quote from: Jatiluhung on August 31, 2022, 03:57:35 AM

But what residents feel is more than that number. the price of food continues to rise, the price of transportation increases, so do the daily necessities

The ugly part of it all is that whenever there is inflation and prices go up, they find it difficult to control in bringing it down as before, deflation is what is found as uncommon to many developing countries whereby their government are yet to build a resistive measures in the control of inflation whenever it was first sighted.

Quote from: Jatiluhung on August 31, 2022, 03:57:35 AM

But maybe my country isn't badly affected by inflation. because the increase is still affordable by the community. so that no particular group has voiced demonstrations. but if this inflation continues. then maybe there will be protests.

The question here is what measure can we use in identifying the country with the highest inflation from others because everyone seems to be affected this time around, but the rate is what makes the difference.

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Quote from: awik p on September 01, 2022, 09:25:17 AM

the increasingly difficult life experienced by the whole world, not just in Europe, due to inflation. I give an example in my country, where currently the necessities of life are rising, and currently there is an issue for an increase in fuel oil, where the increase is around 30%, and that means it will burden distribution costs, so that it is charged again to the goods it distributes, as the people indeed this is very difficult especially for those who live in urban areas, but all must be faced, even though today there is no increase, I think it will happen soon

The problem of inflation is global - the 3rd world countries are most affected by.
However if we talk about the developed countries than there are not as much in trouble the way people in 3rd world country are.
The amount of depression and stress - this inflation has caused can not be expressed in words. However protests are not the option. One should be financially independent.

It's not quite what you think, I think depending on the policies of each government, people will be affected. Look at the EU region, which are developed countries, even those with the leading economies in the world. But inflation coupled with the energy crisis makes life more difficult for EU citizens than ever before.

In my opinion, agricultural countries are less affected than industrial countries. Although the prices of goods have increased, but for households that can produce food, the daily expenditure burden will be greatly reduced.

wmaurik

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Do you know there are countries like Turkey where people are not allowed to protest.
I live in the democratic state and we protest a lot. There are so many protests I have seen - but these days my news feed are full of Indian and Pakistani people protesting for their rights - still there is no impact.

Hopefully you can also understand what I said earlier where basically I don't like to see protests and also don't like to protest any kind to the government.
Because it's an old-fashioned way that won't have any effect if it's only done in one day for one hour and you also said that before right? Now for a country like Turkey, it has long been applying rules to its citizens not to protest because the Turkish government has guaranteed welfare for its citizens so that citizens no longer have the right to protest and that is very different from many countries in this world.

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Quote from: Wind_FURY on September 01, 2022, 03:08:10 AM

Ask the small business in your area how much their electricity bill is, and ask them if the bill keeps going higher, if they can stay open for business. I've been reading that some small businesses, like coffee shops, in some regions on Europe have been receiving electricity bills at €9,000 per month. A small coffee shop can't pay for that every month.

We can all thank Mr. Putin for this. If it wasn't because of the war, none of this would've happened. Now the world is a mess, with little hopes of experiencing a recovery anytime soon. This goes way back to the COVID-19 pandemic which started around two years ago. Ever since COVID-19 took the world by storm, governments have been printing money like crazy. The US was hit hard with high inflation rates, causing a "domino" effect over other countries' economies as well. Then came the Russia-Ukraine war, and things became worse than they were.

Because of the current catastrophe, poor people and those in the middle class have been unable to afford the average cost of living. I hope this doesn't get worse, or it'll be complete chaos. There's only one way to end this and that's by eradicating COVID-19 and ending the Russia-Ukraine war. We'll see what measures mainstream governments will take in order to end this nightmare once and for all. Just my thoughts Grin

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The ironic thing with protest or strikes is that it removes supply from the economy which very likely further raises costs and so inflation. This is true in general of inflation that it equates to instability and a resistance to open business forms where price discovery in an open market becomes less able to proceed further thus slowing the economy.

Inflation snowballs to put it briefly, it becomes hard to counter and its not surprising we've had it occur when kickstarted so greatly by production of new money in such a brief time. Small and large effects accumulate such as Just in time stock delivery is no longer as possible, basic costs to production and supply rise with less efficiency to all parties in part and final production. This damage can take years to unwind, we likely see the inverse to benefits of efficient production seen prior.

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Quote from: wmaurik on September 03, 2022, 05:09:35 AM

Good question, but sadly I have to ask you back now. Then who said about the change with a one day protest with a duration of one hour?
Because the one-day protest with a duration of one hour is an old-fashioned way that is only done by ordinary people who do not understand the rules of the country at this time. Even though every thing can still be solved in a better way by getting closer to the government and explaining every thing that must be changed for the better.

Protest are good, but if the people are going to do it right way. And stand for their rights and get their demands full filled by staying there till it is done.
Not like just going to the spot and having a photoshoot and returning home and not following up on it.

That’s the important thing, people should realize that protests are not because people are traitors to the nation or something, they are poor people who need to protest in order to survive.

We had it in my nation, inflation was bad, but we didn't do "just" because inflation, the idea was that sure the world is doing badly and it is normal that we do badly as well, but while the world is in danger and we are living so much poorer and they are raising taxes to incredible levels, some stuff as high as 100%+ taxed while also being 100%+ more expensive, so something that used to be 2 dollars, became 8 dollars and 4 dollars goes to tax.... and yet they were giving money to their friends, so we protested the politicians to stop that.

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Protest are good, but if the people are going to do it right way. And stand for their rights and get their demands full filled by staying there till it is done.
Not like just going to the spot and having a photoshoot and returning home and not following up on it.

I don't blame those who protest rightly and wisely. Because now there are many ways that every citizen can take when protesting for their rights as citizens. So a protest that is in accordance with the rules and also carried out in a wise way will be much better than doing it in a lay way or a one-day action with a duration of several hours as you said before.

wmaurik

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What are these protest for?
People protest for a day and then they go back to their home and forget what has happened yesterday. These protest will not bring any good unless they are consistent and they make real demands and ask gov for the relief. nothing is going to change with one hour protest.

Good question, but sadly I have to ask you back now. Then who said about the change with a one day protest with a duration of one hour?
Because the one-day protest with a duration of one hour is an old-fashioned way that is only done by ordinary people who do not understand the rules of the country at this time. Even though every thing can still be solved in a better way by getting closer to the government and explaining every thing that must be changed for the better.

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Quote from: Wind_FURY on September 01, 2022, 03:08:10 AM

Quote from: Jatiluhung on August 31, 2022, 03:57:35 AM

Inflation in my country per month continues to increase by an average of about 0.4% per month based on information from the State Statistics Department. But what residents feel is more than that number. the price of food continues to rise, the price of transportation increases, so do the daily necessities. But maybe my country isn't badly affected by inflation. because the increase is still affordable by the community. so that no particular group has voiced demonstrations. but if this inflation continues. then maybe there will be protests.

Ask the small business in your area how much their electricity bill is, and ask them if the bill keeps going higher, if they can stay open for business. I've been reading that some small businesses, like coffee shops, in some regions on Europe have been receiving electricity bills at €9,000 per month. A small coffee shop can't pay for that every month.

the increasingly difficult life experienced by the whole world, not just in Europe, due to inflation. I give an example in my country, where currently the necessities of life are rising, and currently there is an issue for an increase in fuel oil, where the increase is around 30%, and that means it will burden distribution costs, so that it is charged again to the goods it distributes, as the people indeed this is very difficult especially for those who live in urban areas, but all must be faced, even though today there is no increase, I think it will happen soon

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Quote from: Jatiluhung on August 31, 2022, 03:57:35 AM

Inflation in my country per month continues to increase by an average of about 0.4% per month based on information from the State Statistics Department. But what residents feel is more than that number. the price of food continues to rise, the price of transportation increases, so do the daily necessities. But maybe my country isn't badly affected by inflation. because the increase is still affordable by the community. so that no particular group has voiced demonstrations. but if this inflation continues. then maybe there will be protests.

Ask the small business in your area how much their electricity bill is, and ask them if the bill keeps going higher, if they can stay open for business. I've been reading that some small businesses, like coffee shops, in some regions on Europe have been receiving electricity bills at €9,000 per month. A small coffee shop can't pay for that every month.

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