Why South American country is burning ? Now Chile is burning.
After Venezuela another South-American country is burning. Now a days there military is deployed on ground to stabilise the situation and 15 days Emergency is announced.
Peoples of Chile is protesting with its full power and showing its anger against their government.
why these protest starts ? what is the main reason?
Main reason is the INEQUALITY in the country. this inequality is not one time issue or not that kind of issue in that one person say something and protest started. Citizens of chile store so much of burden and suddenly government rise the fare of the buses.
They were already in many problem and the government don't resolve its but increases it.
A small kick starts an Engine and the whole vehicle moves. same a small fare rise which turns into a huge massive and bloody protest.
peoples anger rise at the top when they go and tell there problem to the President of Chile but he didn't listen it and share the pictures of having dinner, then peoples decided to protest.
But Main reason is the Inequality, because in Chile there Whole earning is based on copper export and they joined the group OECD in 2010, Because there GDP per capita nominal is $16,078 which good as compare to other country like India.
Chile is ranked as a high-income economy by the World Bank, and is considered as South Americans most stable and prosperous nation.
The reason is small they just rise the fare and the protest is mainly by students against rise in fare from 800 to 830 peso ($1.13 to $1.17).
Three peoples die in the protest. |
In chile a large number of population is worker in the mine of copper and get low wages as compare to permanent employer.
Permanent employer income increase but workers income didn't increase, and in this country service sector didn't develop and the income distribution is in very bad condition.
And other reason is that copper prices fall, In recent time trade war is in its pike and in word economy is falling like in Indian economy, China economy a major fall is seen. That is why demand of copper is down and the prices is also fall with a great value and worker get less wages but the top 1% peoples in chile don't get effected.
Slow down in Global Trade and Economy. |
According to the Organization for Economic Cooperation and Development (OECD),economic
inequality in chile is a Major problem. Its Gini coefficient value stands at a record0.50, one of the highest inequality coefficients in the world.
In future if this protest continue other country didn't get effected but the country of South-America they will get a huge impact and this world Economy shows slow down then this situation will become very bad.
Comments
Post a Comment