History speeds up…

This has been a momentous year. On the 17th December 2010, unemployed Tunisian youth, Mohamed Bouazizi, after having his vegetable stall removed by the police, sets fire to himself in protest. He later dies – this was the literal spark the garnered Tunisian youth into rebellion. Within a month, Tunisian President Ben Ali, had fled to Saudi Arabia, his regime collapsing.

This movement was soon adopted by the Egyptians, Jordanians, Palestinians and Syrians, to a greater or lesser degree of earnest application, and repressive crackdown. Syria is ongoing; Libya spawned a Conflict all of its own, involving a myriad of Nato forces – though, no manpower on the ground. So. we heralded the “Arab Spring”…the US, for once impressive in its restraint, adopted  a “wait and see” policy – one it still maintains.

The year moves on: Mubarak finally resigns (“finally” in this context should be qualified: after a 30 year reign, to take a couple of months to oust, is no mean feat.) Libya, however, entrenches – Colonel Gaddafi isn’t going anywhere…months of violence ensue, cities are bombed, thousands displaced, hundreds killed. The western countries follow an aerial bombing campaign, a war of attrition from the sky begins and formal alliances with the rebels are established. The bombing begins to co-ordinate with rebel movement on the ground; Gaddafi flees. He is later captured, physically violated and killed by those he has ruled for 40 years, those who he swore would die to protect him…

Meanwhile, back in Europe, things are not looking quite so rosy either. We enter the fourth year of either recessionary or significantly below trend growth. The countries of the Eurozone experience further problems in their fiscal positions. Europe, in the main (Italy always being the exception), has a recent history typified by stable government. The problems of the Euro and unsustainable debt begin to take their toll – as does almost 40% youth unemployment in areas of some member countries. Individual nations begin circling around that great spiral known as “Default”. The prospect of an ignominious exit from the greatest project of European unity, now seems an all too certain outcome. Greece is likely to be the first taker. Ireland, once the doyen of the Euro enthusiasts, now is littered with entire apartment blocks nobody wants to buy, and heartbreakingly, a new exodus of its’ talents…the first mass emigration out of the western European nation’s…

So…what do we conclude? Simply, that few things are knowable, that history itself  is speeding up and our path uncertain. That mass media and technology act as both a catalyst and spur, and moreover – witness. We are all participants, we are all stakeholders and some of us get to be drivers…which direction shall we head in 2012?

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About Damian Merciar
Damian Merciar is Managing Director of Merciar Business Consulting, http://www.merciar.com, a niche business economics consultancy founded in 1998. He has over twenty years experience in the areas of commercial Business Strategy. He is experienced in the transition environments of nationalized to private sector state utilities and the senior practice of commercial management, advisorial consultancy, and implementation. He has carried out policy advisory work for government ministries and been an adviser to institutional bodies proposing changes to government. He holds an MSc Economics from the University of Surrey’s leading Economics department and an MBA from the University of Kent. Also attending the leading University in the Middle East, studying International Relations and Language, for which he won a competitive international scholarship, and has a BA (Hons) in Economic History and Political Economy from the University of Portsmouth. He is currently based in London.

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