Political Instability Rises Along With Joblessness

Nelson Schwartz has a good piece in The New York Times about how the worsening economic situation is threatening political stability in many countries.

One virtue of living in a democracy, of course, is that we can channel this kind of discontent in peaceful ways—Barack Obama becomes president, Labour will almost certainly get the sack in the U.K.—whereas there’s some chance that an authoritarian country like China will totally melt down. Of course in the U.S. system it’s possible for a minority of Senators to thwart efforts to change things through the electoral system.