The New Revolt of the Masses
PARIS – Is the current economic crisis uniting the democratic world in anger as much as in fear?
In France, with many factories closing, a wave of executive hostage-taking – “bossnapping,” as this newfangled crime is called – is agitating board rooms and police across the country. In the United States, big bonuses given to executives from firms receiving billions of dollars in taxpayer bailouts – the insurance giant AIG, in particular – has infuriated public opinion, with a populist press and Congress fueling popular rage.
Similarly, in Great Britain, an increasingly inquisitive and critical public is now lumping together bankers and members of Parliament in a common climate of suspicion. Is the current crisis creating or revealing a growing split between rulers and ruled?