The ruling oligarchs are terrified that, for tens of millions of people, the economic dislocation caused by inflation, stagnant wages, austerity, the pandemic and the energy crisis is becoming unendurable. They warn, as Kristalina Georgieva, managing director of the International Monetary Fund (IMF), and NATO Secretary General Jens Stoltenberg have done, about the potential for social unrest, especially as we head toward winter.
