As the security services warn the government of an embyronic revolt in the South...
... how inequality and the black economy are making lockdown tougher for Italy’s people, economy, and society.[1/x]
1. Public health (2 years)
2. Economic, employment, financial (5+ years)
3. Political, social, cultural (generational) [2/x] worldpoliticsreview.com/articles/28611…
2019 was the year Tuscany’s exports finally reached levels last seen before 2008's financial crash and Eurozone near meltdown [3/x] ilmessaggero.it/economia/news/…
When shops shut their doors three weeks ago, we wondered how many will never open again. [4/x] iltirreno.gelocal.it/pontedera/cron…
I don’t see much of a future for the shipyards building luxury yachts. [6/x]
cantieridipisa.com
Inequality is very high. And the benefit system doesn't help. The Bank of Italy calls it “poorly designed” – funnelling cash to pensioners but “do[ing] little to support young households" without work. [7/x] bancaditalia.it/pubblicazioni/…
“For now, the unrest and protests are embryonic, but the danger of an explosion is high.”
The security services are tracking people plotting on Facebook to raid supermarkets and shopping centres. [9/x]
“These are people who cannot afford to shop… We are collapsing.” [10/x]
palermotoday.it/cronaca/tensio…
12% of Italy's GDP is in the black economy. [11/x] thelocal.it/20191015/italy…
Even in China! [12/x] scmp.com/news/china/soc…