I have been writing about political and ideological bubbles. They can implode and cause chaos.
The Putin bubble. Riot police detained protesters during a rally against a steep rise in car import duties in Russia. Everything was fine as long oil was rising. Now they have to face the hard facts and they are not pretty. A political bubble is imploding.
China. China's top priority is to tackle unemployment among university graduates, as fears grow of student unrest in a faltering economy. China sounded great as long as Europe and the USA were buying from them. Demand for Chinese goods is now faltering. China is an underdeveloped country with per capita income of less than $5,000. A political and economic bubble is imploding.
Bottom line. There are several bubbles of different types: political, bureaucratic, financial, economic, and religious. They eventually all implode.
More, much more when you read older posts and subscribe to The Peter Dag Portfolio by going to https://www.peterdag.com/.
George Dagnino, PhD
Editor, The Peter Dag Portfolio
Since 1977
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