OPINION: George Floyd movement and its future prospects
The death of George Floyd, an African-American man, has sparked a social movement in the U.S. Presently, most of the participants and leading forces are Whites, while the Blacks appear to play a supporting role. It has been that way since the second day of the incident, and things are starting to shape up more and more by the day. The movement is evolving, and the rate in which it is doing so is rapid, like the hippies during the Vietnam War period. Only, its scale is far smaller and it does not possess a deep cultural influence. Still, like the hippies, this current movement is actively participated by the younger generations.
What most Chinese nationals are curious at the moment, is if the movement could change the American society. Will this cause the U.S. to be friendlier to them in the future? Unfortunately for the Chinese, it seems unlikely. The hippie movement happened at a time when the U.S. sent its armed forces to Vietnam and failed to change its geopolitical strategy. Hence, it should be remembered that the social structure of the U.S. allows its government to act according to the established plan while allowing internal differences.
The nature of this social movement is currently seen as anti-establishment. The main political demands are increasingly focused on the system rather than a specific political leader. Since the possibility of a sharp change is obvious, we cannot rule out the possibility that President Donald Trump’s next speech would result in a public outrage again. In fact, he is doing exactly that right now. Trump has repeatedly urged the states to take decisive measures, not to be too weak, and to end this protest and demonstration as soon as possible. Trump’s wishes most likely will not be fulfilled because they are in conflict with what the people want, and Trump might have to pay the price of not getting re-elected if he continues to carry himself in that manner.
The leaders of the movement do not belong to any individual organisations. There are always far-left and far-right organisations in the American society, and not a few among them are anti-establishment. Usually, these organisations are harmless, as they merely represent the values of the minority, and Americans have long become used to their presence. After all, America is a pluralistic society. However, when given the opportunity, such obscured organisations will step into the limelight, and become leaders of a social movement. Currently, several organisations with extreme positions have been considered “terrorist organisations”, though the possibility of “suppressing” them is slim, because this is a social movement and they can be easily replaced.
As far as the American media is concerned, they are neutral towards the movement, and stand by their principles of producing “objective reports”. However, due to competitions and for the sake of greater publicity, they have greatly exaggerated their reports. When on camera, it is obvious that close-up shots are taken to make up for the small protest; when there are many media covering the story, panoramic shots are used in place. In any case, the media cannot afford to remain on the fence for long, and as time goes on, they would be forced to pick sides too.
The internet has contributed to the movement’s growth in the U.S., and such contributions are ongoing and apparent. In most demonstrations, there were more people recording the event than there were actual demonstrators. Scenes featuring thick walls of police and demonstrators captured with hand-held cameras, mobile devices and videocams are a common sight. Some demonstrators even had to push past the crowd of such people to get into the picture. It is also the reason the American authorities are getting increasingly annoyed by these “internet celebs” and reporters. Of course, this is what allowed the information to spread like wildfire in the first place too, and there are demonstrations happening in the UK and the rest of the world.
There are several motivating factors for the movement. First, the raison d'être of anti-establishment social movement is founded on "unfairness", which is the same reason for anti-globalisation. The income growth of marginalised social groups is slow and they feel that they have been discriminated. Second, the American society is elitist, and remains so for a hundred years, it's arrogance to remains there. The U.S. suffers from bureaucratise, and the slow reform has caused much anger. Third, due the impact of the Covid-19 pandemic and unemployment, 40 million people are without job, and the national economy is under a lock-down. The impact is still huge.
After being locked down for two months, people need to vent their frustrations. Fourth, the level of social welfare supply is low, and robbery is the best example of the matter. There are two prominent groups robbing stores. The first being the Whites and Blacks from the bottommost society, who seek daily necessities. The latter are the Hispanics and Asians, who thrash boutiques for branded goods. This is an issue concerning the level of welfare supply. Fifth, all middle schools and universities are not open, which means students can participate in demonstrations on the streets too.
Currently, the movement in the U.S. is ever evolving, and one simply cannot predict what is to come next with confidence. It may leave as quickly as it came. It may also continue to grow and become larger, lasting, and far-reaching. If we were to slap a figure to the matter, there is a 60% of probability that it will end soon; and a 40% probability for it to turn into a lasting movement.
However, surface-level social phenomena are always easy to analyse and understand. The changes in the foundation of truly deep social movements however, are easily overlooked. Before Tsai Ing-wen won the election in Taiwan, I have already predicted several things accurately when observing Taiwan. One, Tsai Ing-wen would be elected. Two, Taiwan is undergoing a rapid evolution.
Three, Taiwanese business communities simply cannot determine the outcome. Four, Taiwan has the potential to rise, and there will be a complete imbalance between Taiwan and Mainland China. At that time, most brushed off these opinions, and people did not really pay much attention to it, yet now it has become a reality. Likewise, the current movement in the U.S. has profound and influential social changes and evolution. To sum it up simply, the participants involved are basically ardent supporters of Bernie Sanders’ ideals. The idea ofdemocratic socialism is taking root in the American society and is deeply ingrained among the younger generations.
From "Occupying Wall Street" to the "George Floyd incident", there will be unceasing waves after waves of such movements in the future. Therefore, in the future, the U.S. will definitely follow the Scandinavian-style democratic socialism, and the growth of the younger generations dictates that this will happen. All the pursuit of welfare supply and the social anti-discrimination movement are in fact social welfare movements, and the result can only be the end point that pushes the U.S. increasingly towards democratic socialism.
Knowing this, we are certain that the Wall Street is seeing the last of its prosperity. The U.S. financial industry rooted in the insurance system will inevitably make major structural adjustments in the future. The Warren Buffett-style business model has fallen behind times, and such times are undergoing unimaginable changes. The strength of the U.S. will depend on the overall strength of the country, rather than the strength of capital or the U.S. dollar. It will be more stable and more integrated into the world, and that will also be the age of where globalisation recovers.
And we, shall wait for that moment to arrive.
Founder of Anbound Think Tank in 1993, Chan Kung is now ANBOUND Chief Researcher. Chan Kung is one of China’s renowned experts in information analysis. Most of Chan Kung‘s outstanding academic research activities are in economic information analysis, particularly in the area of public policy.