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Foreign Policy
Foreign Policy
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Timothy R. McDade, Sushma Raman, Rob Cameron, Elise Labott

What Can Insurance Tell Us About the Capitol Mob?

A face mask hangs in front of the New York Stock Exchange in New York on May 26, 2020. Johannes Eisele/AFP/Getty Images

The events at the U.S. Capitol on Jan. 6 have occasioned a lot of analysis of the reasons people mobilize politically. Some have pointed to deep polarization, others to disinformation, and still others to economic crisis.

The connection between economics and protest is well documented. The phenomenon existed at least as long ago as the First Secession of the Plebs in 495 B.C. and is a cornerstone of Marxist theory. More recently, protests emerged in Thailand and Indonesia in response to dropping financial markets during the 1997 Asian financial crisis. In 2011, protesters rallied against austerity measures in Greece and the removal of a fuel subsidy in Bolivia. Chile just rewrote its constitution in response to such protests. And France has had a “grand debate” over economic fairness that was a direct result of protests by the “yellow vest” movement in 2018.

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